How much does Allseas Global Logistics Limited make?

Allseas Global Logistics Limited reported revenue of £24.6m and £1.5m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Allseas Global Logistics Limited have?

Allseas Global Logistics Limited reported an average of 33 employees in the year to 31 Dec 2024.

Is Allseas Global Logistics Limited profitable?

Yes — Allseas Global Logistics Limited reported a profit of £1.5m in the year to 31 Dec 2024.

Company No. 06918343 · Incorporated 28 May 2009

Allseas Global Logistics Limited

Registered name: ALLSEAS GLOBAL LOGISTICS LIMITED

Part of Notus Investments Limited group

Allseas Global Logistics Limited made £24.6m revenue and £1.5m profit in the year to 31 Dec 2024.

Allseas Global Logistics Limited’s revenue grew 46% to £24.6m in the year to 31 Dec 2024, with £1.5m profit and 33 employees. The company is classified under “service activities incidental to water transportation” and is based in Oldham; we hold 3 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 52220Service activities incidental to water transportation

Status: Active
Location: Oldham, North West
Age: 17 yrs · since 2009
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 31 Dec 2024

Key figures

Capital-lightCash flow filed

Revenue

£24.6m

Growth ▲46.2%

Profit

£1.5m

Growth —

Profit margin

6.2%

Gross 21.8%

Employees

Change ▲6.5%

Profit / employee

£46.5k

Revenue/employee £746k

Profitable streak

1yr

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	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£47.8m	£16.8m	£24.6m
Cost of sales	£41.8m	£13.1m	£19.2m
Gross profit	£6m	£3.7m	£5.4m
Operating profit	£2.4m	£122k	£1.4m
Profit before tax	£14.6k	−£94k	£1.2m
Profit after tax	−£118k	−£82.4k	£1.5m
Profit (best available)	−£118k	−£82.4k	£1.5m
Staff costs	£2.6m	£2.1m	£2.4m
Employees (average)	33	31	33
Ratios
Profit margin	−0.3%	−0.5%	6.2%
Gross margin	12.6%	22%	21.8%
Revenue per employee	£1.4m	£543k	£746k
Profit per employee	−£3.6k	−£2.7k	£46.5k
Cash conversion	82%	90.5%	−138.9%
Growth (year on year)
Revenue growth	—	▼64.8%	▲46.2%
Headcount growth	—	▼6.1%	▲6.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£497k	£467k	£474k
Net assets	£1.9m	£1.8m	£3.4m
Fixed assets	£1.4m	£321k	£1.6m
Current assets	£9.3m	£9.2m	£10.3m
Debtors	£2.3m	£2.2m	£3.7m
Deferred income	£610k	£264k	£2.4m
Cash from operations	£1.9m	£110k	−£1.9m
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 6.2%; Profit ÷ revenue.
Gross margin: 21.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £746k; Revenue ÷ average employees.
Profit per employee: £46.5k; Profit ÷ average employees.
Cash conversion: −138.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 9.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15%; 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: ▲84%; Now £3.4m
Cash at bank: ▲2%; Now £474k
Headcount: ▲6%; Now 33
Deferred income: ▲820%; Now £2.4m
Fixed assets: ▲403%; Now £1.6m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Notus Investments Limitedultimate parent75–100%
Allseas Global Logistics Limitedthis company

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

Sister companies (2)

DKT Allseas Shipping LimitedFigures not disclosed
Vireva LimitedFigures not disclosed

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £1.5m), from the Companies House accounts bulk data published Dec 2025. 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.