Orkney Ferries Limited

Orkney Ferries Limited is a large, active company based in Orkney, UK, established sixty-three years ago in 1961. Employing 187 people, it holds assets worth £9.37 million and generates yearly revenue of £2.87 million. As a holding company, it's overseen by six directors and owned by the Orkney Islands Council. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for ten months, the last operation occurring in December 2024.

Primarily, Orkney Ferries operates inter-island ferry services, connecting Orkney's mainland and thirteen islands. Its website showcases a fleet of vessels, including the MV Earl Sigurd and MV Earl Thorfinn, and provides timetables, fares, and information about each island destination. The site also highlights special event sailings, cargo services, and concessionary travel options for island residents. It’s clear the company focuses on providing essential transportation services, with a significant portion of the website dedicated to service updates and practical information for passengers. There's a strong emphasis on accessibility and providing a reliable service.

Financially, Orkney Ferries shows a mixed picture. While assets remain substantial at £9.37 million, cash bank balances dropped by 21% to £820,000. Debtors increased dramatically by 1500%, reaching £8.4 million, which could indicate a shift in payment terms or a larger volume of outstanding invoices. Administrative expenses rose by 35%, to £1.1 million, likely reflecting increased operational costs. However, the company received a significant boost from government grants, with cash receipts increasing by a staggering 7500%, to £7.5 million. This likely stems from subsidies related to providing lifeline ferry services. The company’s large size (meeting two of three criteria for being a large company) and the substantial government support suggest a stable, albeit potentially complex, financial position. The company’s financial statements were audited by Orcadia, and the report was signed on July 03, 2024.

Registered in Scotland under the registration number SC036770, with a registered address at KW15 1NY, Orkney, Council Offices, Kirkwall.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.