How much does Ellerman City Liners Limited make?

Ellerman City Liners Limited reported revenue of £82.6m and a loss of £66.4m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Ellerman City Liners Limited have?

Ellerman City Liners Limited reported an average of 25 employees in the year to 31 Dec 2024.

Is Ellerman City Liners Limited profitable?

No — Ellerman City Liners Limited reported a loss of £66.4m in the year to 31 Dec 2024.

Company No. 13433172 · Incorporated 2 Jun 2021

Ellerman City Liners Limited

Registered name: ELLERMAN CITY LINERS LIMITED

Part of GB Europe Holdings Limited group

Ellerman City Liners Limited made £82.6m revenue and a £66.4m loss in the year to 31 Dec 2024.

Ellerman City Liners Limited’s revenue grew 41% to £82.6m in the year to 31 Dec 2024, with a loss of £66.4m and 25 employees. The company is classified under “sea and coastal freight water transport” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 50200Sea and coastal freight water transport

Status: Active
Location: London, London
Age: 5 yrs · since 2021
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

Doing more with less

Revenue

£82.6m

Growth ▲41%

Profit

−£66.4m

Growth —

Profit margin

−80.3%

Gross −73.2%

Employees

Change ▼30.6%

Profit / employee

−£2.7m

Revenue/employee £3.3m

Profitable streak

0yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
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)	£5.8m	£179m	£58.6m	£82.6m
Cost of sales	£8m	£163m	£203m	£143m
Gross profit	−£2.2m	£15.8m	−£144m	−£60.5m
Operating profit	−£2.6m	£11.2m	−£149m	−£66.4m
Profit before tax	−£2.6m	£11.2m	−£149m	−£66.4m
Profit after tax	−£2.6m	£8.8m	−£147m	−£66.4m
Profit (best available)	−£2.6m	£8.8m	−£147m	−£66.4m
Staff costs	—	£1.9m	£2.4m	£2.1m
Employees (average)	10	14	36	25
Ratios
Profit margin	−44.1%	4.9%	−251.1%	−80.3%
Gross margin	−37.5%	8.8%	−246.2%	−73.2%
Revenue per employee	£585k	£12.8m	£1.6m	£3.3m
Profit per employee	−£258k	£632k	−£4.1m	−£2.7m
Growth (year on year)
Revenue growth	—	—	▼67.3%	▲41%
Profit growth	—	—	▼1764%	—
Headcount growth	—	—	▲157.1%	▼30.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£34m	£2.3m	£9.4m	£3.2m
Net assets	−£2.6m	£6.3m	−£141m	−£207m
Fixed assets	£0	£10m	£10.7m	£9.6m
Current assets	£50.4m	£48.3m	£29m	£22.1m
Debtors	£0	£8m	£5.8m	£10.9m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −80.3%; Profit ÷ revenue.
Gross margin: −73.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £3.3m; Revenue ÷ average employees.
Profit per employee: −£2.7m; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 11.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.2%; 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 −£207m
Cash at bank: ▼66%; Now £3.2m
Headcount: ▼31%; Now 25
Deferred income: —; Now —
Fixed assets: ▼11%; Now £9.6m

Corporate ownership

Group structure

Ownership chain

GB Europe Holdings Limitedultimate parent75–100%
Ellerman City Liners Limitedthis company

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

Sister companies (6)

GB Global Management LimitedRev. £28.8m · Profit £25.4m
Corby Property Holdings LimitedFigures not disclosed
Dover Property Holdings LimitedFigures not disclosed
Ellerman Lines LimitedFigures not disclosed
Speke Property Holdings LimitedFigures not disclosed
Stretford Property Holdings 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 FullAccounts for the year to 31 Dec 2024 (profit −£66.4m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 12 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.