fred. olsen cruise lines limited
fred. olsen cruise lines limited Company Information
Company Number
02672435
Next Accounts
Sep 2025
Shareholders
first olsen (holdings) limited
Group Structure
View All
Industry
Sea and coastal passenger water transport
Registered Address
2nd floor, 36 broadway, london, SW1H 0BH
Website
www.fredolsen.co.ukfred. olsen cruise lines limited Estimated Valuation
Pomanda estimates the enterprise value of FRED. OLSEN CRUISE LINES LIMITED at £377.9m based on a Turnover of £247.5m and 1.53x industry multiple (adjusted for size and gross margin).
fred. olsen cruise lines limited Estimated Valuation
Pomanda estimates the enterprise value of FRED. OLSEN CRUISE LINES LIMITED at £82.6m based on an EBITDA of £13.2m and a 6.26x industry multiple (adjusted for size and gross margin).
fred. olsen cruise lines limited Estimated Valuation
Pomanda estimates the enterprise value of FRED. OLSEN CRUISE LINES LIMITED at £0 based on Net Assets of £-142m and 1.41x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Fred. Olsen Cruise Lines Limited Overview
Fred. Olsen Cruise Lines Limited is a live company located in london, SW1H 0BH with a Companies House number of 02672435. It operates in the sea and coastal passenger water transport sector, SIC Code 50100. Founded in December 1991, it's largest shareholder is first olsen (holdings) limited with a 100% stake. Fred. Olsen Cruise Lines Limited is a mature, mega sized company, Pomanda has estimated its turnover at £247.5m with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Fred. Olsen Cruise Lines Limited Health Check
Pomanda's financial health check has awarded Fred. Olsen Cruise Lines Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £247.5m, make it larger than the average company (£7.7m)
£247.5m - Fred. Olsen Cruise Lines Limited
£7.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 79%, show it is growing at a faster rate (3.7%)
79% - Fred. Olsen Cruise Lines Limited
3.7% - Industry AVG
Production
with a gross margin of 21.4%, this company has a comparable cost of product (21.4%)
21.4% - Fred. Olsen Cruise Lines Limited
21.4% - Industry AVG
Profitability
an operating margin of 5.1% make it more profitable than the average company (3.9%)
5.1% - Fred. Olsen Cruise Lines Limited
3.9% - Industry AVG
Employees
with 1957 employees, this is above the industry average (34)
1957 - Fred. Olsen Cruise Lines Limited
34 - Industry AVG
Pay Structure
on an average salary of £21.4k, the company has a lower pay structure (£46.8k)
£21.4k - Fred. Olsen Cruise Lines Limited
£46.8k - Industry AVG
Efficiency
resulting in sales per employee of £126.5k, this is equally as efficient (£139.1k)
£126.5k - Fred. Olsen Cruise Lines Limited
£139.1k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (14 days)
0 days - Fred. Olsen Cruise Lines Limited
14 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (20 days)
18 days - Fred. Olsen Cruise Lines Limited
20 days - Industry AVG
Stock Days
it holds stock equivalent to 18 days, this is more than average (6 days)
18 days - Fred. Olsen Cruise Lines Limited
6 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (15 weeks)
7 weeks - Fred. Olsen Cruise Lines Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 241.3%, this is a higher level of debt than the average (65.8%)
241.3% - Fred. Olsen Cruise Lines Limited
65.8% - Industry AVG
FRED. OLSEN CRUISE LINES LIMITED financials
Fred. Olsen Cruise Lines Limited's latest turnover from December 2023 is £247.5 million and the company has net assets of -£142 million. According to their latest financial statements, Fred. Olsen Cruise Lines Limited has 1,957 employees and maintains cash reserves of £22.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 247,482,000 | 159,801,000 | 45,548,000 | 42,956,000 | 216,202,000 | 217,209,000 | 202,459,000 | 181,934,000 | 169,918,000 | 159,400,000 | 160,342,000 | 176,558,000 | 187,826,000 | 181,017,000 | 178,335,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 12,542,000 | -102,626,000 | -67,618,000 | -87,763,000 | 2,256,000 | 4,170,000 | 8,212,000 | 13,681,000 | 5,043,000 | -7,702,000 | -25,352,000 | -16,772,000 | -10,723,000 | -7,532,000 | -13,396,000 |
| Interest Payable | 7,274,000 | 2,825,000 | 1,035,000 | 251,000 | 40,000 | 37,000 | 57,000 | 407,000 | 192,000 | 901,000 | 1,011,000 | 1,462,000 | 1,604,000 | 1,737,000 | 1,823,000 |
| Interest Receivable | 824,000 | 106,000 | 6,000 | 77,000 | 355,000 | 229,000 | 90,000 | 97,000 | 38,000 | 49,000 | 44,000 | 54,000 | 81,000 | 109,000 | 54,000 |
| Pre-Tax Profit | 6,092,000 | -105,345,000 | -68,647,000 | -87,937,000 | 2,571,000 | 4,362,000 | 8,245,000 | 13,373,000 | 4,893,000 | -8,554,000 | -26,310,000 | -18,178,000 | -12,240,000 | -9,160,000 | -15,159,000 |
| Tax | 477,000 | -23,000 | -23,000 | -19,000 | -15,000 | -15,000 | -19,000 | -13,000 | -18,000 | -18,000 | -19,000 | -20,000 | -22,000 | -22,000 | -23,000 |
| Profit After Tax | 6,569,000 | -105,368,000 | -68,670,000 | -87,956,000 | 2,556,000 | 4,347,000 | 8,226,000 | 13,360,000 | 4,875,000 | -8,572,000 | -26,329,000 | -18,198,000 | -12,262,000 | -9,182,000 | -15,182,000 |
| Dividends Paid | 10,000,000 | 5,000,000 | |||||||||||||
| Retained Profit | 6,569,000 | -105,368,000 | -68,670,000 | -87,956,000 | -7,444,000 | -653,000 | 8,226,000 | 13,360,000 | 4,875,000 | -8,572,000 | -26,329,000 | -18,198,000 | -12,262,000 | -9,182,000 | -15,182,000 |
| Employee Costs | 41,818,000 | 36,798,000 | 23,382,000 | 21,506,000 | 37,774,000 | 35,037,000 | 34,396,000 | 31,412,000 | 27,062,000 | 24,951,000 | 25,137,000 | 23,577,000 | 23,496,000 | 22,250,000 | 22,355,000 |
| Number Of Employees | 1,957 | 1,906 | 1,211 | 818 | 1,955 | 1,945 | 1,888 | 1,868 | 1,814 | 1,768 | 1,728 | 1,732 | 1,719 | 1,685 | 1,870 |
| EBITDA* | 13,192,000 | -98,030,000 | -60,972,000 | -80,926,000 | 9,340,000 | 11,104,000 | 13,089,000 | 18,766,000 | 10,011,000 | -2,511,000 | -19,106,000 | -10,548,000 | -4,687,000 | -1,710,000 | -8,027,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,327,000 | 4,126,000 | 29,125,000 | 34,215,000 | 39,296,000 | 43,251,000 | 48,691,000 | 45,764,000 | 49,942,000 | 53,898,000 | 56,025,000 | 75,787,000 | 78,974,000 | 83,993,000 | 87,454,000 |
| Intangible Assets | 87,000 | 180,000 | 321,000 | 330,000 | 221,000 | 220,000 | 271,000 | 84,000 | 130,000 | 211,000 | |||||
| Investments & Other | 41,885,000 | 41,885,000 | 59,851,000 | 59,851,000 | 79,851,000 | ||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 43,299,000 | 46,191,000 | 89,297,000 | 94,396,000 | 119,368,000 | 43,471,000 | 48,962,000 | 45,848,000 | 50,072,000 | 54,109,000 | 56,025,000 | 75,787,000 | 78,974,000 | 83,993,000 | 87,454,000 |
| Stock & work in progress | 9,912,000 | 8,756,000 | 4,960,000 | 4,008,000 | 5,446,000 | 6,715,000 | 6,015,000 | 4,200,000 | 4,220,000 | 4,382,000 | 4,575,000 | 5,218,000 | 4,891,000 | 4,571,000 | 4,553,000 |
| Trade Debtors | 295,000 | 275,000 | 197,000 | 129,000 | 413,000 | 490,000 | 270,000 | 729,000 | 526,000 | 757,000 | 814,000 | 490,000 | 1,273,000 | 1,290,000 | 1,355,000 |
| Group Debtors | 8,257,000 | 16,128,000 | 17,962,000 | 9,966,000 | 3,674,000 | 5,079,000 | 7,033,000 | 6,197,000 | 4,029,000 | 14,039,000 | 8,331,000 | 613,000 | 1,000 | 58,000 | 167,000 |
| Misc Debtors | 16,005,000 | 8,052,000 | 9,148,000 | 8,633,000 | 10,931,000 | 10,767,000 | 15,763,000 | 14,602,000 | 7,303,000 | 5,974,000 | 6,932,000 | 8,150,000 | 9,989,000 | 8,994,000 | 7,476,000 |
| Cash | 22,781,000 | 7,723,000 | 5,779,000 | 10,455,000 | 52,411,000 | 47,165,000 | 45,985,000 | 50,094,000 | 23,680,000 | 6,628,000 | 17,665,000 | 17,772,000 | 18,810,000 | 28,882,000 | 35,671,000 |
| misc current assets | |||||||||||||||
| total current assets | 57,250,000 | 40,934,000 | 38,046,000 | 33,191,000 | 72,875,000 | 70,216,000 | 75,066,000 | 75,822,000 | 39,758,000 | 31,780,000 | 38,317,000 | 32,243,000 | 34,964,000 | 43,795,000 | 49,222,000 |
| total assets | 100,549,000 | 87,125,000 | 127,343,000 | 127,587,000 | 192,243,000 | 113,687,000 | 124,028,000 | 121,670,000 | 89,830,000 | 85,889,000 | 94,342,000 | 108,030,000 | 113,938,000 | 127,788,000 | 136,676,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 9,661,000 | 11,758,000 | 5,611,000 | 2,609,000 | 9,819,000 | 8,226,000 | 11,666,000 | 7,680,000 | 5,094,000 | 6,098,000 | 5,868,000 | 4,107,000 | 5,529,000 | 4,815,000 | 6,413,000 |
| Group/Directors Accounts | 51,390,000 | 38,510,000 | 57,469,000 | 28,411,000 | 6,323,000 | 4,137,000 | 4,963,000 | 19,995,000 | 13,979,000 | 13,911,000 | 5,504,000 | 3,520,000 | 3,539,000 | 4,999,000 | 11,335,000 |
| other short term finances | 229,000 | 247,000 | 247,000 | 248,000 | 248,000 | ||||||||||
| hp & lease commitments | 67,000 | 132,000 | 129,000 | 8,000 | 3,516,000 | 3,511,000 | 3,506,000 | 1,197,000 | 1,730,000 | ||||||
| other current liabilities | 100,250,000 | 98,793,000 | 72,970,000 | 48,279,000 | 77,123,000 | 70,301,000 | 75,100,000 | 69,824,000 | 60,093,000 | 59,975,000 | 49,357,000 | 46,967,000 | 46,240,000 | 48,285,000 | 38,327,000 |
| total current liabilities | 161,597,000 | 149,440,000 | 136,426,000 | 79,547,000 | 93,513,000 | 82,664,000 | 91,729,000 | 97,499,000 | 79,166,000 | 79,992,000 | 64,245,000 | 58,105,000 | 58,814,000 | 59,296,000 | 57,805,000 |
| loans | 81,000,000 | 86,000,000 | 33,500,000 | 22,500,000 | |||||||||||
| hp & lease commitments | 67,000 | 199,000 | 24,509,000 | 28,008,000 | 31,509,000 | 32,615,000 | 33,812,000 | ||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 577,000 | 1,200,000 | 1,298,000 | 1,151,000 | 1,259,000 | ||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 81,000,000 | 86,302,000 | 34,166,000 | 22,619,000 | 353,000 | 577,000 | 1,200,000 | 1,298,000 | 1,151,000 | 1,259,000 | 24,509,000 | 28,008,000 | 31,509,000 | 32,615,000 | 33,812,000 |
| total liabilities | 242,597,000 | 235,742,000 | 170,592,000 | 102,166,000 | 93,866,000 | 83,241,000 | 92,929,000 | 98,797,000 | 80,317,000 | 81,251,000 | 88,754,000 | 86,113,000 | 90,323,000 | 91,911,000 | 91,617,000 |
| net assets | -142,048,000 | -148,617,000 | -43,249,000 | 25,421,000 | 98,377,000 | 30,446,000 | 31,099,000 | 22,873,000 | 9,513,000 | 4,638,000 | 5,588,000 | 21,917,000 | 23,615,000 | 35,877,000 | 45,059,000 |
| total shareholders funds | -142,048,000 | -148,617,000 | -43,249,000 | 25,421,000 | 98,377,000 | 30,446,000 | 31,099,000 | 22,873,000 | 9,513,000 | 4,638,000 | 5,588,000 | 21,917,000 | 23,615,000 | 35,877,000 | 45,059,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 12,542,000 | -102,626,000 | -67,618,000 | -87,763,000 | 2,256,000 | 4,170,000 | 8,212,000 | 13,681,000 | 5,043,000 | -7,702,000 | -25,352,000 | -16,772,000 | -10,723,000 | -7,532,000 | -13,396,000 |
| Depreciation | 650,000 | 4,425,000 | 6,475,000 | 6,700,000 | 6,942,000 | 6,802,000 | 4,775,000 | 5,085,000 | 4,968,000 | 5,191,000 | 6,246,000 | 6,224,000 | 6,036,000 | 5,822,000 | 5,369,000 |
| Amortisation | 171,000 | 171,000 | 137,000 | 142,000 | 132,000 | 102,000 | |||||||||
| Tax | 477,000 | -23,000 | -23,000 | -19,000 | -15,000 | -15,000 | -19,000 | -13,000 | -18,000 | -18,000 | -19,000 | -20,000 | -22,000 | -22,000 | -23,000 |
| Stock | 1,156,000 | 3,796,000 | 952,000 | -1,438,000 | -1,269,000 | 700,000 | 1,815,000 | -20,000 | -162,000 | -193,000 | -643,000 | 327,000 | 320,000 | 18,000 | 4,553,000 |
| Debtors | 102,000 | -2,852,000 | 8,579,000 | 3,710,000 | -1,318,000 | -6,730,000 | 1,538,000 | 9,670,000 | -8,912,000 | 4,693,000 | 6,824,000 | -2,010,000 | 921,000 | 1,344,000 | 8,998,000 |
| Creditors | -2,097,000 | 6,147,000 | 3,002,000 | -7,210,000 | 1,593,000 | -3,440,000 | 3,986,000 | 2,586,000 | -1,004,000 | 230,000 | 1,761,000 | -1,422,000 | 714,000 | -1,598,000 | 6,413,000 |
| Accruals and Deferred Income | 1,457,000 | 25,823,000 | 24,691,000 | -28,844,000 | 6,822,000 | -4,799,000 | 5,276,000 | 9,731,000 | 118,000 | 10,618,000 | 2,390,000 | 727,000 | -2,045,000 | 9,958,000 | 38,327,000 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 11,771,000 | -67,027,000 | -42,833,000 | -119,271,000 | 20,327,000 | 8,880,000 | 18,979,000 | 21,420,000 | 18,181,000 | 3,819,000 | -9,580,000 | -7,281,000 | 5,266,000 | 23,139,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | -3,035,000 | -1,011,000 | -2,361,000 | -1,054,000 | |||||||||||
| Change in Investments | -17,966,000 | -20,000,000 | 79,851,000 | ||||||||||||
| cash flow from investments | -3,035,000 | -1,011,000 | -2,361,000 | -1,054,000 | |||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 12,880,000 | -18,959,000 | 29,058,000 | 22,088,000 | 2,186,000 | -826,000 | -15,032,000 | 6,016,000 | 68,000 | 8,407,000 | 1,984,000 | -19,000 | -1,460,000 | -6,336,000 | 11,335,000 |
| Other Short Term Loans | -18,000 | -1,000 | 248,000 | ||||||||||||
| Long term loans | -5,000,000 | 52,500,000 | 11,000,000 | 22,500,000 | |||||||||||
| Hire Purchase and Lease Commitments | -132,000 | -129,000 | 328,000 | -8,000 | -28,017,000 | -3,494,000 | -3,496,000 | 1,203,000 | -1,730,000 | 35,542,000 | |||||
| other long term liabilities | -577,000 | -623,000 | -98,000 | 147,000 | -108,000 | 1,259,000 | |||||||||
| share issue | |||||||||||||||
| interest | -6,450,000 | -2,719,000 | -1,029,000 | -174,000 | 315,000 | 192,000 | 33,000 | -310,000 | -154,000 | -852,000 | -967,000 | -1,408,000 | -1,523,000 | -1,628,000 | -1,769,000 |
| cash flow from financing | 1,280,000 | 30,693,000 | 39,356,000 | 59,414,000 | 77,547,000 | -1,257,000 | -15,097,000 | 5,853,000 | -202,000 | -11,581,000 | 7,523,000 | 11,577,000 | -1,780,000 | -9,694,000 | 105,349,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 15,058,000 | 1,944,000 | -4,676,000 | -41,956,000 | 5,246,000 | 1,180,000 | -4,109,000 | 26,414,000 | 17,052,000 | -11,037,000 | -107,000 | -1,038,000 | -10,072,000 | -6,789,000 | 35,671,000 |
| overdraft | |||||||||||||||
| change in cash | 15,058,000 | 1,944,000 | -4,676,000 | -41,956,000 | 5,246,000 | 1,180,000 | -4,109,000 | 26,414,000 | 17,052,000 | -11,037,000 | -107,000 | -1,038,000 | -10,072,000 | -6,789,000 | 35,671,000 |
fred. olsen cruise lines limited Credit Report and Business Information
Fred. Olsen Cruise Lines Limited Competitor Analysis
Perform a competitor analysis for fred. olsen cruise lines limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mega companies, companies in SW1H area or any other competitors across 12 key performance metrics.
fred. olsen cruise lines limited Ownership
FRED. OLSEN CRUISE LINES LIMITED group structure
Fred. Olsen Cruise Lines Limited has 4 subsidiary companies.
Ultimate parent company
BONHEUR ASA
#0134493
2 parents
FRED. OLSEN CRUISE LINES LIMITED
02672435
4 subsidiaries
fred. olsen cruise lines limited directors
Fred. Olsen Cruise Lines Limited currently has 4 directors. The longest serving directors include Mr Jeremy Dowler (Sep 1995) and Ms Anette Olsen (Jun 1998).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeremy Dowler | 77 years | Sep 1995 | - | Director | |
| Ms Anette Olsen | 68 years | Jun 1998 | - | Director | |
| Mr Richard Aa | England | 58 years | Apr 2019 | - | Director |
| Mrs Samantha Stimpson | 46 years | May 2024 | - | Director |
P&L
December 2023turnover
247.5m
+55%
operating profit
12.5m
-112%
gross margin
21.5%
+2.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-142m
-0.04%
total assets
100.5m
+0.15%
cash
22.8m
+1.95%
net assets
Total assets minus all liabilities
Similar Companies
fred. olsen cruise lines limited company details
company number
02672435
Type
Private limited with Share Capital
industry
50100 - Sea and coastal passenger water transport
incorporation date
December 1991
age
34
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
felsham limited (August 1993)
forrest estate limited (July 1992)
accountant
-
auditor
XEINADIN AUDIT LIMITED
address
2nd floor, 36 broadway, london, SW1H 0BH
Bank
HSBC BANK PLC
Legal Advisor
-
fred. olsen cruise lines limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to fred. olsen cruise lines limited.
fred. olsen cruise lines limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for FRED. OLSEN CRUISE LINES LIMITED. This can take several minutes, an email will notify you when this has completed.
fred. olsen cruise lines limited Companies House Filings - See Documents
| date | description | view/download |
|---|
