Acua Ocean Limited

Acua Ocean Ltd from Plymouth UK is a small, active company founded four years ago. It employs thirteen people and holds £187,805 in assets. This family business, with a solo founder, is led by four directors and two owners, and operates from a real address. It’s a regular importer of electrical machinery and equipment, having imported for four months, with the last import operation occurring in September 2024.

The company’s website highlights its focus on revolutionising full ocean monitoring and data collection through unmanned surface vessels (USVs). These vessels, branded as "Pioneerclass," offer enhanced operational capabilities for deploying sensor and system payloads. Acua Ocean caters to a range of sectors, including surveys, infrastructure monitoring, border control, and even submarine detection. It emphasizes scalable, dual-use solutions and boasts membership in relevant industry groups. The website also mentions partnerships and end-users, suggesting a broader network beyond its core team. The company operates in the building of ships and floating structures industries.

Financially, Acua Ocean Ltd’s recent performance shows some concerning trends. While the company is a small entity, meeting two of three criteria for size, its cash bank balance has plummeted by 81%, dropping to £41,000. Creditors have surged by a staggering 510%, reaching £1.1 million, and net current assets have turned negative, falling to -£930,000. However, there are some positives: debtors have decreased by 18%, and property, plant, and equipment have increased significantly, rising by 320%. The company’s bank borrowings have remained stable at £45,000. With no auditor mentioned, the financial statements are unaudited. The significant increase in creditors, coupled with the drop in cash reserves, suggests the company may be burning through money faster than it’s bringing it in. The increase in property, plant, and equipment may indicate investments in its USV technology, but whether these investments will pay off remains to be seen.

Registered in England/Wales under the registration number 13021977, with a registered address at PL9 9RQ, England, Plymouth, Turnchapel Wharf, Barton Road.

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