How much does Independent Maritime Advisors Ltd make?

Independent Maritime Advisors Ltd reported revenue of £54.1m and £29m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Independent Maritime Advisors Ltd have?

Independent Maritime Advisors Ltd reported an average of 17 employees in the year to 31 Dec 2024.

Is Independent Maritime Advisors Ltd profitable?

Yes — Independent Maritime Advisors Ltd reported a profit of £29m in the year to 31 Dec 2024.

Company No. 09656610 · Incorporated 25 Jun 2015

Independent Maritime Advisors Ltd

Registered name: INDEPENDENT MARITIME ADVISORS LTD

Independent Maritime Advisors Ltd made £54.1m revenue and £29m profit in the year to 31 Dec 2024.

Independent Maritime Advisors Ltd’s revenue grew 169% to £54.1m in the year to 31 Dec 2024, with £29m profit and 17 employees. The company is classified under “other business support service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
Age: 11 yrs · since 2015
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. From the filing: “NCL (Bahamas) Ltd”

Latest accounts · year to 31 Dec 2024

Key figures

Operating leverageDoing more with lessCash flow filed

Revenue

£54.1m

Growth ▲169.1%

Profit

£29m

Growth ▲427.9%

Profit margin

53.5%

Gross 100%

Employees

Change ▼22.7%

Profit / employee

£1.7m

Revenue/employee £3.2m

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£22.5m	£20.1m	£54.1m
Gross profit	£22.5m	£20.1m	£54.1m
Profit before tax	£11m	£7.1m	£38.9m
Profit after tax	£8.8m	£5.5m	£29m
Profit (best available)	£8.8m	£5.5m	£29m
Staff costs	£7m	£8.2m	£11.6m
Employees (average)	17	22	17
Ratios
Profit margin	39%	27.3%	53.5%
Gross margin	100%	100%	100%
Revenue per employee	£1.3m	£914k	£3.2m
Profit per employee	£516k	£249k	£1.7m
Growth (year on year)
Revenue growth	—	▼10.5%	▲169.1%
Profit growth	—	▼37.5%	▲427.9%
Headcount growth	—	▲29.4%	▼22.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£9.6m	£4m	£6.8m
Net assets	£13.5m	£2.3m	£23.3m
Fixed assets	£9.1m	£3.2m	—
Current assets	£14.3m	£5.3m	£35.2m
Debtors	£38.6k	£113k	£89.5k
Deferred income	£2.5m	£3.1m	—
Cash from operations	£6.5m	£11.2m	£10.1m
Source	Accounts · bulk data Apr 2024	Accounts · bulk data Apr 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 53.5%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £3.2m; Revenue ÷ average employees.
Profit per employee: £1.7m; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.2%; 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: ▲911%; Now £23.3m
Cash at bank: ▲69%; Now £6.8m
Headcount: ▼23%; Now 17
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Minority corporate shareholders

Norwegian Cruise Line Holdings Ltd. (registered outside the UK register)

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 £29m), 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.