How much does First Corporate Shipping Limited make?

First Corporate Shipping Limited reported revenue of £138m and £32.4m profit in the year to 30 Jun 2025, according to its accounts filed at Companies House.

How many employees does First Corporate Shipping Limited have?

First Corporate Shipping Limited reported an average of 748 employees in the year to 30 Jun 2025.

Is First Corporate Shipping Limited profitable?

Yes — First Corporate Shipping Limited reported a profit of £32.4m in the year to 30 Jun 2025.

Company No. 02542406 · Incorporated 24 Sep 1990

First Corporate Shipping Limited

Registered name: FIRST CORPORATE SHIPPING LIMITED

Part of First Corporate Consultants Ltd group

First Corporate Shipping Limited made £138m revenue and £32.4m profit in the year to 30 Jun 2025.

First Corporate Shipping Limited’s revenue grew 8% to £138m in the year to 30 Jun 2025, with £32.4m profit and 748 employees. The company is classified under “other service activities” and is based in Bristol; we hold 3 years of its filed accounts.

Full P&L filedSection S · Other service activitiesSIC 96090Other service activities n.e.c.

Status: Active
Location: Bristol, South West
Age: 36 yrs · since 1990
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 30 Jun 2025

Key figures

Operating leverageDoing more with less

Revenue

£138m

Growth ▲8.2%

Profit

£32.4m

Growth ▲29.4%

Profit margin

23.4%

Gross 48.3%

Employees

748

Change ▼0.1%

Profit / employee

£43.3k

Revenue/employee £185k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Jun 2023	30 Jun 2024	30 Jun 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£117m	£128m	£138m
Cost of sales	−£67.1m	−£72.3m	−£71.6m
Gross profit	£49.6m	£55.6m	£66.8m
Operating profit	£31.1m	£39m	£48.9m
Profit before tax	£32.3m	£34.6m	£44.7m
Profit after tax	£24.6m	£25.1m	£32.4m
Profit (best available)	£24.6m	£25.1m	£32.4m
Employees (average)	704	749	748
Ratios
Profit margin	21.1%	19.6%	23.4%
Gross margin	42.5%	43.5%	48.3%
Revenue per employee	£166k	£171k	£185k
Profit per employee	£34.9k	£33.4k	£43.3k
Growth (year on year)
Revenue growth	—	▲9.7%	▲8.2%
Profit growth	—	▲1.9%	▲29.4%
Headcount growth	—	▲6.4%	▼0.1%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Apr 2025	Accounts · bulk data Apr 2025	Accounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: 23.4%; Profit ÷ revenue.
Gross margin: 48.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £185k; Revenue ÷ average employees.
Profit per employee: £43.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now —
Cash at bank: —; Now —
Headcount: ▼0%; Now 748
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

First Corporate Consultants Ltdultimate parent75–100%
First Corporate Holdings Limited75–100%
First Corporate Shipping Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (4)

Agricultural Bulk Services (Bristol) LimitedFigures not disclosed
The Bristol Bulk Company LimitedFigures not disclosed
The Bristol Port Company (Trustees) LimitedFigures not disclosed
The Bristol Port Company LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 30 Jun 2025 (profit £32.4m), from the Companies House accounts bulk data published Mar 2026. Spotted an error? Request a correction.

Updated from Companies House on 22 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.