How much does Ship Venture Limited make?

Ship Venture Limited reported revenue of £836k and £117k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Ship Venture Limited have?

Ship Venture Limited reported an average of 0 employees in the year to 31 Dec 2024.

Is Ship Venture Limited profitable?

Yes — Ship Venture Limited reported a profit of £117k in the year to 31 Dec 2024.

Company No. SC166242 · Incorporated 12 Jun 1996

Ship Venture Limited

Registered name: SHIP VENTURE LIMITED

Part of The Merchants House Of Glasgow group

Ship Venture Limited made £836k revenue and £117k profit in the year to 31 Dec 2024.

Ship Venture Limited’s revenue fell 2% to £836k in the year to 31 Dec 2024, with £117k profit and 0 employees. The company is classified under “other letting and operating of own or leased real estate” and is based in Glasgow; we hold 2 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68209Other letting and operating of own or leased real estate

Status: Active
Location: Glasgow, Scotland
Age: 30 yrs · since 1996
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

Small teamCapital-light

Revenue

£836k

Growth ▼1.7%

Profit

£117k

Growth ▲95.1%

Profit margin

14.1%

Gross 24.2%

Employees

Change —

Profit / employee

—

Profitable streak

2yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£850k	£836k
Cost of sales	£688k	£634k
Gross profit	£162k	£202k
Operating profit	£63.2k	£114k
Profit before tax	£60.2k	£117k
Profit after tax	£60.2k	£117k
Profit (best available)	£60.2k	£117k
Employees (average)	0	0
Ratios
Profit margin	7.1%	14.1%
Gross margin	19.1%	24.2%
Growth (year on year)
Revenue growth	—	▼1.7%
Profit growth	—	▲95.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£302k	£249k
Net assets	£187k	£155k
Fixed assets	£86k	£43k
Current assets	£468k	£520k
Debtors	£45.6k	£78.6k
Source	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Jun 2025

Derived from the latest filing

How the business works

Profit margin: 14.1%; Profit ÷ revenue.
Gross margin: 24.2%; 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: 5.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.4%; 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: ▼17%; Now £155k
Cash at bank: ▼18%; Now £249k
Headcount: —; Now 0
Deferred income: —; Now —
Fixed assets: ▼50%; Now £43k

Corporate ownership

Group structure

Ownership chain

The Merchants House Of Glasgow (registered outside the UK register)ultimate parent75–100%
Ship Venture 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).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £117k), from the Companies House accounts bulk data published Jun 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.