Star Sirocco Topco Limited
Activities of other holding companies n.e.c. · London
ActiveUnited KingdomIncorporated 2024Private Limited Company
Financial position
Accounts to 2025-12-31 · USD · Group accounts
Net assets
—
Cash
USD 101,600,000
Turnover
USD 720,000,000
Profit / loss
−USD 54,000,000
Current assets
USD 311,500,000
Creditors < 1 year
USD 285,200,000
Equity
−USD 78,500,000
Average employees
Not available
Balance-sheet trend
USD · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Group · AI-read | 2024-12-31Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Equity | −USD 78,500,000 | −USD 26,900,000 |
| Retained earnings | −USD 97,500,000 | −USD 40,600,000 |
| Assets | ||
| Fixed assets | USD 739,600,000 | USD 762,300,000 |
| Property, plant & equipment | USD 7,300,000 | USD 7,800,000 |
| Investments | USD 800,000 | USD 700,000 |
| Current assets | USD 311,500,000 | USD 260,200,000 |
| Cash at bank | USD 101,600,000 | USD 81,600,000 |
| Debtors | USD 151,500,000 | USD 148,200,000 |
| Stock | USD 18,200,000 | USD 15,300,000 |
| Liabilities | ||
| Creditors | USD 1,129,600,000 | USD 1,049,400,000 |
| Creditors within one year | USD 285,200,000 | USD 248,100,000 |
| Creditors after one year | USD 844,400,000 | USD 801,300,000 |
| Bank loans & overdrafts | USD 768,600,000 | USD 707,000,000 |
| Provisions | USD 2,200,000 | USD 1,100,000 |
| Profit & loss | ||
| Turnover | USD 720,000,000 | USD 209,100,000 |
| Cost of sales | USD 512,200,000 | USD 148,900,000 |
| Gross profit | USD 207,800,000 | USD 60,200,000 |
| Administrative expenses | USD 169,100,000 | USD 73,500,000 |
| Operating profit | USD 38,700,000 | −USD 13,300,000 |
| Interest receivable | USD 1,200,000 | USD 2,900,000 |
| Interest payable | USD 90,400,000 | USD 24,900,000 |
| Profit before tax | −USD 50,500,000 | −USD 35,300,000 |
| Tax | USD 3,500,000 | USD 3,700,000 |
| Profit / loss | −USD 54,000,000 | −USD 39,000,000 |
| Operating costs | ||
| Depreciation | USD 3,400,000 | USD 1,100,000 |
| Amortisation | USD 29,000,000 | USD 8,100,000 |
| Audit fees | USD 2,000,000 | USD 2,700,000 |
| People & pay | ||
| Directors' remuneration | USD 2,800,000 | USD 800,000 |
| Highest paid director | USD 2,000,000 | USD 600,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor
- Deloitte LLP
- Audit opinion
- Clean (unmodified)
- Accounts
- Full accounts · IFRS
- Approved
- 2026-04-21, signed by René Kofod-Olsen
Subsidiaries (34)
- STAR Sirocco Holdco Limited · 100% · UK; 1st Floor, 6 New Bridge Street, London, England EC4V 6AB
- STAR Sirocco Midco Limited · 100% · UK; 1st Floor, 6 New Bridge Street, London, England EC4V 6AB
- STAR Sirocco Bidco Limited · 100% · UK; 1st Floor, 6 New Bridge Street, London, England EC4V 6AB
- AI Mistral Topco Limited · 100% · UK; 1st Floor, 6 New Bridge Street, London, England EC4V 6AB
- AI Mistral Parentco Limited · 100% · UK; 1st Floor, 6 New Bridge Street, London, England EC4V 6AB
- AI Mistral Holdco Limited · 100% · UK; 1st Floor, 6 New Bridge Street, London, England EC4V 6AB
- AI Mistral Limited · 100% · UK; 1st Floor, 6 New Bridge Street, London, England EC4V 6AB
- Belships (Myanmar) Shipmanagement Limited · 40% · Myanmar; Wut Kyaung Street, No3, GF, Yangon, Pazunduang TSP, Yangon Region, MYANMAR 11171, Myanmar
- Vouvray Holdings Limited · 100% · Jersey; 44, Esplanade, St Helier, JE4 9WG
- Vouvray Finance Limited · 100% · UK; 1st Floor, 6 New Bridge Street, London, England EC4V 6AB
- Vouvray Midco Limited · 100% · UK; 1st Floor, 6 New Bridge Street, London, England EC4V 6AB
- Vouvray Acquisition Limited · 100% · UK; 1st Floor, 6 New Bridge Street, London, England EC4V 6AB
- Alships Services & Trading Ltd · 100% · Cyprus; 3A Panteli Modestou Street, Limassol, Cyprus
- Alvada Insurance Inc · 100% · Liberia; 80 Broad Street, Monrovia
- Angel Bay Marine Services Inc · 100% · Liberia; 80 Broad Street, Monrovia
- Baltic Group International Far East JSC · 100% · Russia; 12 Nakhodkinskiy Prospect, Nakhodka, Primorskiy Kray
- Baltic Group International Georgia Ltd · 100% · Georgia; 16, Vazha Pshavela Str App 8/9, Batumi 6000 Georgia
- Baltic Group International Novorossiysk Ltd · 100% · Russia; 11B, Khvorostyanskogo Str. 353925, Novorossiysk
- Baltic Group International St Petersburg JSC · 100% · Russia; 23A Vladimirsky pr., St Petersburg
- Bellatrix Ship Management Group Limited · 100% · UK; 1st Floor, 6 New Bridge Street, London, England EC4V 6AB
- Belships Management (Singapore) Pte Ltd · 100% · Singapore; 80 Raffles Place, #32-01 UOB Plaza, Singapore, 048624
- Celtic Marine (Hong Kong) Ltd · 100% · Hong Kong; Unit B, 12th Floor Hennessy Plaza, 164-166 Hennessy Road, Wanchai
- Dania Ship Management AS · 100% · Denmark; Nyropsgade 37, 2nd Floor, Copenhagen, Denmark 1602
- VGG India Private Ltd · 99% · India; Windsor Corporate Park, 3rd & 4th Floor, Best Colony Road, Mahada Colony, Goregaon, West Oshiwara, Mumbai, 400102
- Worldwide Property Ltd · 100% · Isle of Man; Baltic House, Station Road, Ballasalla, Isle of Man IM9 2AE British Isles
- V Ships Arabia Limited · 100% · Saudi Arabia; 3141 Anas Bin Malik, Al Malqa Dist., Riyadh, Saudi Arabia
- Kyra Holdings Limited · 100% · Isle of Man; Baltic House, Station Road, Ballasalla, Isle of Man IM9 2AE British Isles
- Oceanic Maritime Hospitality Services (Shanghai) Limited · 100% · Cyprus; Zenas Gunther, 16-18, Agia Triada, 3035, Limassol, Cyprus (Triton working address)
- OCL Oceanic Mission Solutions Limited · 100% · Philippines; Aseana Two Building, Bradco Ave, Paranaque, 1720 Metro Manila, Philippines
- V Ships Middle East Offshore Services L.L.C. - S.P.C. · 100% · Oman; Wilayat Muttrah, P.O. Box No. 686, 112 Oman
- V.Cyprus Holdco Ltd. · 100% · Singapore; #21-03/06, 300 Beach Road, The Concourse, 199555
- V.Insurance Brokers Europe Limited · 100% · UK; 1st Floor, 6 New Bridge Street, London, England EC4V 6AB
- V.Ships India Holdings Ltd (Previously V.Group Manpower Services Limited) · 100% · Isle of Man; 1st floor Norton House, 41 Arbory Street, Castletown Isle of Man IM9 1LL
- Oceanic Hospitality Training Centre Corp · 40% · Philippines; Aseana Two Building, Bradco Ave, Paranaque, 1720 Metro Manila, Philippines
Borrowings (3)
- TopCo acquisition-related financing; shareholder loan notes (relating to TopCo) · $526.4m (m) · maturing in 2034 with no cash payment obligations until maturity
- External debt · $22.8m (m) · Interest
- Borrowings · 768.6 (m)
Contingent liabilities (2)
- At 31 December 2025, trade guarantees and indemnities of $7.0m (2024: $6.3m) had been issued under a bank guarantee facility provided by one of the Group’s lenders in the normal course of trading, none of which is currently expected to crystallise.
- The Group and/or its subsidiaries have been named in several litigation claims; however, it has been determined that the Group has no present obligation as at the balance sheet date.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesPhoenix signals
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No charges available in our records.