Swansea Drydocks Limited
Registered name: SWANSEA DRYDOCKS LIMITED
Swansea Drydocks Limited made £2.6m revenue and a £691k loss in the year to 31 Dec 2024.
Swansea Drydocks Limited’s revenue fell 19% to £2.6m in the year to 31 Dec 2024, with a loss of £691k and 19 employees. The company is classified under “service activities incidental to water transportation” and is based in Swansea; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Swansea, Wales
- Age
- 17 yrs · since 2009
- Type
- Private Limited Company
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 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £3.5m | £2.8m | £3.2m | £2.6m |
| Cost of sales | £3.3m | £3.1m | £3m | £2.9m |
| Gross profit | £150k | −£304k | £266k | −£250k |
| Operating profit | −£161k | −£652k | −£156k | −£691k |
| Profit before tax | −£161k | −£652k | −£156k | −£691k |
| Profit after tax | −£161k | −£652k | −£156k | −£691k |
| Profit (best available) | −£161k | −£652k | −£156k | −£691k |
| Employees (average) | 25 | 22 | 18 | 19 |
| Ratios | ||||
| Profit margin | −4.6% | −23.6% | −4.8% | −26.2% |
| Gross margin | 4.3% | −11% | 8.2% | −9.5% |
| Revenue per employee | £139k | £126k | £180k | £139k |
| Profit per employee | −£6.4k | −£29.6k | −£8.7k | −£36.4k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼20.4% | ▲17.4% | ▼18.9% |
| Headcount growth | — | ▼12% | ▼18.2% | ▲5.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £76k | £60.2k | £233k | £129k |
| Net assets | −£1.2m | −£1.9m | −£2m | −£2.7m |
| Fixed assets | £1.6m | £1.4m | £1.2m | £1.1m |
| Current assets | £705k | £573k | £755k | £618k |
| Debtors | £3.4k | £18.6k | £25k | £19.9k |
| Source | Accounts · bulk data Jan 2024 | Accounts · bulk data Jan 2024 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- −26.2%
- Profit ÷ revenue.
- Gross margin
- −9.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £139k
- Revenue ÷ average employees.
- Profit per employee
- −£36.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 39.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.8%
- 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 −£2.7m
- Cash at bank
- ▼45%
- Now £129k
- Headcount
- ▲6%
- Now 19
- Deferred income
- —
- Now —
- Fixed assets
- ▼15%
- Now £1.1m
Similar profitable businesses
- STS Marine Solutions (UK) LimitedSunderland · Service activities incidental to water transportation
- Revenue
- £4.4m
- Profit
- £189k
- Staff
- 28
- GTT Training LimitedHove · Service activities incidental to water transportation
- Revenue
- £1.3m
- Profit
- £13.2k
- Staff
- 8
- CLDN Ports Liverpool LimitedLondon · Service activities incidental to water transportation
- Revenue
- £6.5m
- Profit
- £108k
- Staff
- 85
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£691k), from the Companies House accounts bulk data published Nov 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.