Union Maritime Limited

union maritime limited Company Information

Company Number

05674101

Next Accounts

Sep 2025

Directors

Ramesh Kansagra

Lewis Cadji

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Shareholders

springfield shipping limited

solai holdings limited

Group Structure

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Industry

Sea and coastal freight water transport

Registered Address

portland house 69-71, wembley hill road, wembley, middlesex, HA9 8BU

Website

www.unionmaritime.com

union maritime limited Estimated Valuation

£2.6b

Pomanda estimates the enterprise value of UNION MARITIME LIMITED at £2.6b based on an EBITDA of £292.7m and a 8.99x industry multiple (adjusted for size and gross margin).

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Union Maritime Limited is a live company located in wembley, HA9 8BU with a Companies House number of 05674101. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in January 2006, it's largest shareholder is springfield shipping limited with a 50% stake. Union Maritime Limited is a established, mega sized company, Pomanda has estimated its turnover at £459.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Union Maritime Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 0 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

4 Regular

0 Weak

Size

annual sales of £459.3m, make it larger than the average company (£8.2m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (8.5%)

EXPORT

Union Maritime Limited's latest turnover from December 2023 is £459.3 million and the company has net assets of £376.5 million. According to their latest financial statements, Union Maritime Limited has 813 employees and maintains cash reserves of £68.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	459,306,638	359,575,354	259,181,586	344,809,533	195,188,874	214,505,398	165,611,382	151,644,515	164,932,701	167,874,224	116,454,008	68,191,572	73,445,947	37,191,257	24,924,117
Other Income Or Grants
Cost Of Sales	169,819,090	111,846,946	92,901,434	120,458,057	85,759,861	168,035,918	61,605,091	60,106,952	37,268,989	133,576,552	98,609,603	61,616,696	60,941,856	27,601,324	23,145,561
Gross Profit	289,487,548	247,728,408	166,280,152	224,351,476	109,429,013	46,469,480	104,006,290	91,537,563	127,663,712	34,297,672	17,844,405	6,574,876	12,504,091	9,589,933	1,778,556
Admin Expenses	57,289,380	107,926,728	138,353,202	162,493,867	82,449,044	24,323,474	89,492,430	69,208,081	109,423,714	13,413,674	5,648,788	2,208,828	3,140,317	1,788,779	1,388,827
Operating Profit	232,198,168	139,801,680	27,926,950	61,857,609	26,979,969	22,146,006	14,513,860	22,329,482	18,239,998	20,883,998	12,195,617	4,366,048	9,363,774	7,801,154	389,729
Interest Payable	37,895,693	29,118,916	22,100,499	28,033,347	17,734,279	13,555,596	7,569,464	6,298,516	6,373,905	2,649,256	1,874,696	730,735	114	10,239	24,996
Interest Receivable	3,444,856	225,569	26,577	472,838	611,166	161,645	81,685	14,970	1,937	49,973	11,748	253,089	59,415	5,138	55,101
Pre-Tax Profit	199,707,819	113,531,905	2,148,949	25,360,924	1,922,242	5,973,462	5,656,030	18,018,557	14,490,765	19,208,865	10,576,968	1,496,766	9,333,602	7,151,158	419,835
Tax	-411,778	-121,868	-207,628	-93,294	-171,190	41,844	20,906	-220,245	-165,691	1,525,276	-328,721	-1,351,241	-699,924	-332,443	-153,787
Profit After Tax	199,296,041	113,410,037	1,941,321	25,267,630	1,751,052	6,015,306	5,676,936	17,798,311	14,325,074	20,734,141	10,248,246	145,525	8,633,678	6,818,716	266,047
Dividends Paid				990,932		5,285,045	4,242,281	286,864				1,446,861	7,966,720	190,807	1,043,354
Retained Profit	154,995,080	81,832,564	2,625,988	24,276,698	1,751,052	730,261	1,434,655	17,511,448	14,325,074	20,730,733	10,258,777	-1,289,011	609,419	6,617,575	-673,404
Employee Costs	35,402,316	22,134,585	6,679,050	7,772,396	4,015,297	6,132,332	5,973,364	4,461,691	4,503,421	4,318,703	1,379,326	410,113
Number Of Employees	813	691	543	66	58	57	67	46	45	32	21	11	218	101	67
EBITDA*	292,663,689	174,964,045	60,445,019	100,825,089	46,780,025	42,996,057	30,087,344	34,943,716	18,918,271	21,289,633	14,861,271	5,545,540	13,460,774	9,262,581	1,537,808

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	591,135,417	444,216,940	493,597,734	515,033,417	414,668,493	413,714,337	222,533,307	172,677,466	162,977,482	109,785,612	75,119,400	30,565,232	14,769,689	21,026,628	24,192,836
Intangible Assets	156,624,782	141,111,952		996,360	692,028	401,636	77,514
Investments & Other	23,122,397	566,194	372,107	87,467	3,499,899	3,808,582	5,742,041	333,570	277,647	272,925	296,255	310,200	212,978
Debtors (Due After 1 year)	15,659,677	34,651,426			5,904,226						1,672,166
Total Fixed Assets	747,760,199	585,328,892	493,597,734	516,029,776	409,456,294	414,115,973	222,610,820	172,677,465	162,977,481	109,785,612	77,087,822	30,875,433	14,982,667	21,026,629	24,192,837
Stock & work in progress	6,924,532	9,150,707	8,505,317	8,399,709	7,511,371	7,863,602	5,900,267	3,172,951	1,526,915	1,834,197	35,675	138,935	106,732
Trade Debtors	45,023,087	49,402,013	42,144,403	44,988,061	37,943,619	34,213,096	19,775,557	10,073,854	10,110,125	9,655,933	6,199,070	2,527,655	6,901,549	4,676,097	3,866,044
Group Debtors	2,111,119	2,150,480	366,196		1,830,864				379,276	384,881
Misc Debtors	42,732,571	46,411,323	49,067,486	33,218,288	17,787,763	12,193,921	31,543,536	17,155,519	7,464,652	7,160,650	8,506,405	5,253,735	5,069,443	6,499,439	1,203,165
Cash	68,591,325	53,864,204	40,714,988	48,424,373	55,138,064	41,163,854	24,251,497	23,074,808	12,808,539	6,084,203	5,335,832	9,403,045	12,852,564	4,173,597	1,530,822
misc current assets	37,373,401	2,064,189	416,520				2,748	100,632	92,176
total current assets	202,992,960	163,289,683	141,214,911	135,030,433	120,211,683	95,434,474	81,473,606	53,577,766	32,381,686	25,119,867	20,076,983	17,323,370	24,930,289	15,349,134	6,600,032
total assets	950,753,159	748,618,575	634,812,645	651,060,209	529,667,977	509,550,447	304,084,426	226,255,231	195,359,167	134,905,479	97,164,805	48,198,803	39,912,956	36,375,763	30,792,869
Bank overdraft	21,176,292	20,579,820	38,525,513		3,143,036	3,969,064	3,995,761		1	1,275,202	1	1	85,413
Bank loan				24,822,786	21,422,942	21,031,124	18,560,429	21,060,381	23,582,208	9,370,968	5,513,735	3,369,094
Trade Creditors	24,175,308	25,479,525	22,242,214	23,767,793	26,180,897	22,104,411	17,057,225	4,973,827	4,958,576	4,051,836	11,703,390	2,952,193	4,489,300	3,164,129	2,102,885
Group/Directors Accounts				1	1		1				1,659	75	1,548
other short term finances		12,354,855									521,036
hp & lease commitments	83,773,369	47,156,914	22,965,519	21,239,501	2,303,735	5,938,264	1,540,911	1,563,078	1,545,494	1,510,304	772,599
other current liabilities	70,289,908	41,943,833	34,769,722	36,019,880	37,425,344	29,755,764	33,213,313	14,189,228	7,775,617	8,500,894	9,786,436	1,934,991	3,222,535	2,928,248	4,243,572
total current liabilities	199,414,882	147,514,950	118,502,971	105,849,963	90,475,958	82,798,632	74,367,643	41,786,518	37,861,898	24,709,206	28,298,858	8,256,355	7,798,797	6,092,378	6,346,457
loans	714,999,619	702,411,624	636,995,971	642,879,031	434,041,326	509,272,339	203,721,488	155,668,572	149,154,566	80,965,652	24,457,194	11,623,495
hp & lease commitments	300,260,388	298,069,032	214,228,269	146,628,081	4,052,836	101,509,739	6,187,032	7,326,511	9,156,621	10,860,287	2,982,936
Accruals and Deferred Income
other liabilities
provisions						126,822	235,756	257,498	362,808	368,170	129,216	78,399	95,893	52,686	39,238
total long term liabilities	357,499,810	351,205,813	329,821,710	339,543,986	285,835,537	274,966,940	120,971,254	86,358,586	74,758,688	40,666,912	27,569,347	11,701,895	95,893	52,686	39,238
total liabilities	556,914,692	498,720,763	448,324,681	445,393,949	376,311,495	357,765,572	195,338,897	128,145,104	112,620,586	65,376,118	55,868,205	19,958,250	7,894,690	6,145,064	6,385,696
net assets	376,545,303	225,334,948	150,091,821	164,384,514	125,051,631	124,215,862	106,574,072	98,110,127	82,738,581	69,445,144	41,222,462	28,163,497	31,921,385	30,192,763	24,378,647
total shareholders funds	376,545,303	225,334,948	150,091,820	164,384,514	125,051,632	124,215,862	106,574,072	98,110,127	82,738,581	69,445,144	41,222,462	28,163,497	31,921,385	30,192,763	24,378,647

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	232,198,168	139,801,680	27,926,950	61,857,609	26,979,969	22,146,006	14,513,860	22,329,482	18,239,998	20,883,998	12,195,617	4,366,048	9,363,774	7,801,154	389,729
Depreciation	60,465,521	35,162,365	32,518,070	38,967,479	19,800,056	20,850,051	15,573,483	12,614,234	678,273	405,635	2,665,655	1,179,492	4,097,000	1,461,427	1,148,079
Amortisation
Tax	-411,778	-121,868	-207,628	-93,294	-171,190	41,844	20,906	-220,245	-165,691	1,525,276	-328,721	-1,351,241	-699,924	-332,443	-153,787
Stock	-2,226,175	645,390	105,608	888,338	1,611,104	1,963,335	2,727,316	1,646,036	-307,282	1,798,522	-103,260	32,202	106,732
Debtors	-27,088,790	41,037,159	13,371,736	14,739,876	12,147,380	-4,912,076	24,089,720	9,275,320	752,588	823,824	8,596,251	-4,189,602	795,456	6,106,326	5,069,210
Creditors	-1,304,216	3,237,310	-1,525,578	-2,413,104	9,123,672	5,047,186	12,083,398	15,251	906,740	-7,651,554	8,751,197	-1,537,107	1,325,171	1,061,244	2,102,885
Accruals and Deferred Income	28,346,075	7,174,111	-1,250,158	-1,405,464	4,212,031	-3,457,549	19,024,085	6,413,611	-725,277	-1,285,542	7,851,445	-1,287,544	294,287	-1,315,324	4,243,572
Deferred Taxes & Provisions					-235,756	-108,934	-21,742	-105,310	-5,362	238,954	50,817	-17,494	43,207	13,448	39,238
Cash flow from operations	348,608,735	143,571,049	43,984,312	81,285,012	45,950,298	47,467,345	34,376,954	30,125,667	18,483,375	11,494,421	22,693,019	5,509,554	13,521,327	2,583,180	2,700,506
Investing Activities
capital expenditure	-222,896,828	-126,893,523	-10,086,027	-139,636,735	-212,549,757	-212,355,204	-65,506,838	-22,314,218	-53,870,143	-35,071,847	-44,348,610	-20,496,822	2,528,414	259,322	-10,877,625
Change in Investments	22,556,203	194,087	284,640	-3,412,432	-2,242,142	-1,933,459	5,408,471	55,923	4,722	-23,330	-13,945	97,223	212,978
cash flow from investments	-245,453,031	-127,087,610	-10,370,667	-136,224,303	-210,307,615	-210,421,745	-70,915,309	-22,370,141	-53,874,865	-35,048,517	-44,334,665	-20,594,045	2,315,436	259,322	-10,877,625
Financing Activities
Bank loans			-24,822,786	3,399,844	2,862,513	2,470,695	-2,499,952	-2,521,827	14,211,240	3,857,233	2,144,641	3,369,094
Group/Directors Accounts			-1				1				1,584		1,548
Other Short Term Loans	-12,354,855	12,354,855								-521,036	521,036
Long term loans	12,587,995	65,415,653	-5,883,060	208,837,705	230,319,838	305,550,851	48,052,916	6,514,006	68,188,914	56,508,458	12,833,699	11,623,495
Hire Purchase and Lease Commitments	38,807,811	108,032,158	69,326,206	161,511,011	-1,371,372	99,720,060	-1,161,646	-1,812,526	-1,668,476	8,615,056	3,755,535
other long term liabilities
share issue	-3,784,725	-6,589,436	-16,918,682	15,056,184	16,726,508	16,911,529	7,029,290	-2,139,901	-1,031,638	7,491,949	2,800,188	-2,468,877	1,119,203	-803,459	25,052,051
interest	-34,450,837	-28,893,347	-22,073,922	-27,560,509	-17,123,113	-13,393,951	-7,487,779	-6,283,546	-6,371,968	-2,599,283	-1,862,948	-477,646	59,301	-5,101	30,105
cash flow from financing	805,389	150,319,883	-372,245	361,244,235	231,414,374	411,259,184	43,932,830	-6,243,794	73,328,072	73,352,377	20,193,735	12,046,066	1,180,052	-808,560	25,082,156
cash and cash equivalents
cash	14,727,121	13,149,216	-7,709,385	-6,713,691	30,886,567	16,912,357	1,176,689	10,266,269	6,724,336	748,371	-4,067,213	-3,449,519	8,678,967	2,642,776	1,530,822
overdraft	596,472	-17,945,693	38,525,513	-3,143,036	-852,725	-26,697	3,995,761	-1	-1,275,201	1,275,201		-85,412	85,413
change in cash	14,130,649	31,094,909	-46,234,898	-3,570,655	31,739,292	16,939,054	-2,819,072	10,266,270	7,999,537	-526,830	-4,067,213	-3,364,107	8,593,554	2,642,776	1,530,822

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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UNION MARITIME LIMITED group structure

Union Maritime Limited has 115 subsidiary companies.

Ultimate parent company

SPRINGFIELD SHIPPING LIMITED

14921313

1 parent

UNION MARITIME LIMITED

05674101

115 subsidiaries

UML CLYDE LIMITED

15699423

UML HINDE LIMITED

09542043

UML SILVERSTONE LIMITED

15166862

UML DEAN LIMITED

12409367

UMLNB 30 LIMITED

15269806

UML HOLDCO LIMITED

14575121

UML PINARELLO LIMITED

14421894

UML ALABAMA STAR LIMITED

11825202

UML CHINOOK LIMITED

14575759

UML EDEN LIMITED

14845979

UMLNB 1 LIMITED

10829077

TOP FENDERS 1 LIMITED

06928726

UML BRUNSWICK LIMITED

12187266

CLION LIMITED

08952976

UMLNB 3 LIMITED

10829347

UMLNB HOLDINGS LIMITED

12070294

FOCUS TANKERS LIMITED

08589135

UML MERSEY LIMITED

14538867

UML HOLMES LIMITED

16239854

TOP FENDERS 2 LIMITED

07510122

UMLNB 32 LIMITED

15982439

UMLNB 12 LIMITED

14576058

DART SHIPPING LIMITED

15442274

UML CHILTERN LIMITED

09563826

HYDRA MARITIME HOLDINGS LIMITED

11309342

BURAN SHIPPING LIMITED

15446558

UML BERNERS LIMITED

14198065

WELLINGTON MARITIME LIMITED

14955652

UMLNB 15 LIMITED

14725663

PYTHEAS MARITIME HOLDINGS LIMITED

11456499

MARULA VENTURES LIMITED

12516827

UML SPA LIMITED

14779534

PORT STANLEY LIMITED

11721717

UML NOTUS LIMITED

14575917

UML ANNECY LIMITED

09380019

UMLNB 13 LIMITED

14725404

UML WATSON LIMITED

15338973

UML TEXAS STAR LIMITED

11825317

UML EVO LIMITED

15914727

MARYLEBONE HOLDCO LIMITED

12141184

MR TANKERS HOLDCO LIMITED

16137809

UML BALHAM LIMITED

14737536

UML CHAPEL LIMITED

12322605

UML WESTMINSTER LIMITED

09958055

PINARELLO SHIPPING LIMITED

15118045

PORT SAID LIMITED

11652098

UML BONDI LIMITED

11775461

UMLNB 19 LIMITED

14792036

UML PORTMAN LIMITED

09707778

UML WEYMOUTH LIMITED

11364843

UNION CONSORTIUM LIMITED

11588158

B EMERALD LIMITED

08443369

UML SHERLOCK LIMITED

14524620

UML OSTRO LIMITED

14575990

UML MYCROFT LIMITED

15373092

UMLNB 23 LIMITED

15104977

OCOURAGE LIMITED

08280852

UML MORIARTY LIMITED

15224133

UMLNB 2 LIMITED

10829903

BDP SPIRIT LIMITED

11515822

UMLNB 36 LIMITED

16139833

OSTRIDER LIMITED

08280913

UMLNB 37 LIMITED

16231519

UMLNB 29 LIMITED

15270047

OSPIRIT LIMITED

07956335

UML SUSANOO LIMITED

15131865

UML AVON LIMITED

15706029

UMLNB 16 LIMITED

14725785

UML ALKEBULAN LIMITED

16192297

UML MARLIN LIMITED

09402700

OBLUE LIMITED

07998843

UNION GLORY LIMITED

06579943

VIRONO PRIDE LIMITED

12394688

UMLNB 34 LIMITED

15982806

P ENERGY LIMITED

08589113

UML BAKERLOO LIMITED

10467308

EAGLE MARITIME LIMITED

16188845

UML BRANDS HATCH LIMITED

15166843

UMLNB 33 LIMITED

15985876

UMLNB 31 LIMITED

15984436

UMLNB 24 LIMITED

15105179

UML MOXON LIMITED

09563838

BAGSHOT SHIPPING LIMITED

15157875

UML BURAN LIMITED

15094512

TOP FENDERS 3 LIMITED

08330939

UML SEVERN LIMITED

14573370

UML BLANDFORD LIMITED

09563822

UML DORSET LIMITED

09925326

FULTON MARITIME LIMITED

10436801

SEALABS LIMITED

15937788

UML EBISU LIMITED

15132123

OFORCE LIMITED

07956337

PORT MOODY LIMITED

11652381

PORT UNION LIMITED

11714799

OSTRO SHIPPING LIMITED

15446615

UMLNB 4 LIMITED

10829385

UML BEDFORD LIMITED

14545615

UML BRYANSTON LIMITED

11796742

UML MAYFAIR LIMITED

09967021

TUNE CHEMICAL TANKERS (UK) LIMITED

10686981

UMLNB 14 LIMITED

14725523

UML WIMPOLE LIMITED

09781556

UMLNB 22 LIMITED

15093598

UMLNB 20 LIMITED

14792270

UML KNOX LIMITED

11364640

UML TWEED LIMITED

14540329

GORDON SHIPPING LIMITED

12010314

UML DART LIMITED

14696922

UML VICTORIA LIMITED

10671109

UML BROMLEY LTD

14371374

UNION MARINE SERVICES LIMITED

11825407

TOP MARINE PAINTS LIMITED

12513586

UMLNB 35 LIMITED

16139617

UML MONZA LIMITED

14779700

TOP FENDERS 4 LIMITED

08372093

UNION MARITIME LIMITED Shareholders

springfield shipping limited	50.01%
solai holdings limited	49.99%

Union Maritime Limited currently has 4 directors. The longest serving directors include Mr Ramesh Kansagra (Jan 2006) and Mr Lewis Cadji (Jan 2006).

officer	country	age	start	end	role
Mr Ramesh Kansagra	England	74 years	Jan 2006	-	Director
Mr Lewis Cadji	England	86 years	Jan 2006	-	Director
Mr Matthew Enston	England	47 years	Apr 2024	-	Director
Mr Michael Kotsapas	England	47 years	Apr 2024	-	Director

P&L

December 2023

turnover

459.3m

+28%

operating profit

232.2m

+66%

gross margin

63.1%

-8.52%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

376.5m

+0.67%

total assets

950.8m

+0.27%

cash

68.6m

+0.27%

net assets

Total assets minus all liabilities

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company number

05674101

Type

Private limited with Share Capital

industry

50200 - Sea and coastal freight water transport

incorporation date

January 2006

ultimate parent company

SPRINGFIELD SHIPPING LIMITED

previous names

N/A

address

portland house 69-71, wembley hill road, wembley, middlesex, HA9 8BU

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 found 71 charges/mortgages relating to union maritime limited. Currently there are 32 open charges and 39 have been satisfied in the past.

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.

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union maritime limited Company Information

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union maritime limited Estimated Valuation

union maritime limited Estimated Valuation

Union Maritime Limited Overview

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UNION MARITIME LIMITED financials

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