Pendennis Shipyard Limited
Registered name: PENDENNIS SHIPYARD LIMITED
Part of Pendennis Shipyard (Holdings) Limited groupPendennis Shipyard Limited made £61.6m revenue and £2.7m profit in the year to 31 Dec 2025.
Pendennis Shipyard Limited’s revenue fell 7% to £61.6m in the year to 31 Dec 2025, with £2.7m profit. The company is classified under “building of pleasure and sporting boats” and is based in Cornwall; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Cornwall
- Age
- 31 yrs · since 1994
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Profit & loss | Profit & loss | Profit & loss |
| Profit & loss | |||
| Revenue (turnover) | £63.1m | £66.3m | £61.6m |
| Cost of sales | −£43.8m | −£49.8m | −£45.4m |
| Gross profit | £19.3m | £16.5m | £16.1m |
| Operating profit | £5.9m | £3.9m | £3.6m |
| Profit before tax | £6.1m | £4m | £3.5m |
| Profit after tax | £4.6m | £3.2m | £2.7m |
| Profit (best available) | £4.6m | £3.2m | £2.7m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | 7.2% | 4.8% | 4.4% |
| Gross margin | 30.6% | 24.8% | 26.2% |
| Growth (year on year) | |||
| Revenue growth | — | ▲5.1% | ▼7.1% |
| Profit growth | — | ▼30.2% | ▼14.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- 4.4%
- Profit ÷ revenue.
- Gross margin
- 26.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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.
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
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Pendennis Shipyard (Holdings) Limitedultimate parent75–100%
- Pendennis Shipyard Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Cockwells Modern and Classic Boat Building LimitedRev. £12m · Profit −£1.7m
Sister companies (3)
- FMP LimitedFigures not disclosed
- Pendennis Brokerage LimitedFigures not disclosed
- Pendennis Superyachts LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £2.7m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 22 Oct 2026