Cockwells Modern and Classic Boat Building Limited
Registered name: COCKWELLS MODERN AND CLASSIC BOAT BUILDING LIMITED
Part of Pendennis Shipyard (Holdings) Limited groupCockwells Modern and Classic Boat Building Limited made £12m revenue and a £1.7m loss in the year to 31 Dec 2025.
Cockwells Modern and Classic Boat Building Limited’s revenue grew 21% to £12m in the year to 31 Dec 2025, with a loss of £1.7m and 151 employees. The company is classified under “building of pleasure and sporting boats” and is based in Falmouth; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Falmouth, South West
- Age
- 20 yrs · since 2006
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Profit only | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | — | — | — | £9.9m | £12m |
| Cost of sales | — | — | — | £10.2m | £11.5m |
| Gross profit | — | — | — | −£330k | £475k |
| Operating profit | — | — | — | −£2.6m | −£1.8m |
| Profit before tax | — | — | — | −£2.6m | −£1.9m |
| Profit after tax | — | — | −£1.2m | −£2.4m | −£1.7m |
| Profit (best available) | — | — | −£1.2m | −£2.4m | −£1.7m |
| Staff costs | — | — | — | £4.7m | £5.6m |
| Employees (average) | 82 | 108 | 129 | 145 | 151 |
| Ratios | |||||
| Profit margin | — | — | — | −24.4% | −13.8% |
| Gross margin | — | — | — | −3.3% | 4% |
| Revenue per employee | — | — | — | £68.3k | £79.5k |
| Profit per employee | — | — | −£9.5k | −£16.7k | −£11k |
| Growth (year on year) | |||||
| Revenue growth | — | — | — | — | ▲21.2% |
| Headcount growth | — | ▲31.7% | ▲19.4% | ▲12.4% | ▲4.1% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £392k | £31.1k | £259k | £8.3k | £19.2k |
| Net assets | £909k | £961k | −£1.4m | −£3.9m | −£5.5m |
| Fixed assets | £2.7m | £2.7m | £2.1m | £2.5m | £3.9m |
| Current assets | — | — | £1.9m | £4.2m | £5.1m |
| Debtors | £517k | £223k | £164k | £318k | £615k |
| Deferred income | £534k | £560k | £2.6m | £4.5m | £5.2m |
| Source | Accounts · bulk data Nov 2023 | Accounts · bulk data Nov 2023 | FilletedAccounts · bulk data Dec 2024 | FullAccounts · bulk data Feb 2026 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −13.8%
- Profit ÷ revenue.
- Gross margin
- 4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £79.5k
- Revenue ÷ average employees.
- Profit per employee
- −£11k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 32.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 43.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 5.1%
- 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 −£5.5m
- Cash at bank
- ▲131%
- Now £19.2k
- Headcount
- ▲4%
- Now 151
- Deferred income
- ▲17%
- Now £5.2m
- Fixed assets
- ▲57%
- Now £3.9m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Pendennis Shipyard (Holdings) Limitedultimate parent75–100%
- Pendennis Shipyard Limited75–100%
- Cockwells Modern and Classic Boat Building Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Lang & Potter Marine LimitedEstate Plymouth · Building of pleasure and sporting boats
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- £12.3m
- Profit
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- Staff
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- Abc Leisure Group LimitedWorcestershire · Building of pleasure and sporting boats
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- Ribeye Ltd.Dartmouth · Building of pleasure and sporting boats
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- Pearl Yachts LtdWarwick · Building of pleasure and sporting boats
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- Norfolk Broads Direct LimitedWroxham · Building of pleasure and sporting boats
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£1.7m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.