Aesseal Marine Plc

Aesseal Marine Plc from Rotherham UK is a large, holding company with an active status, founded 20 years ago. The company employs nine people and holds £482,219 in assets, operating from a real address. With three directors and one owner, it maintains a Google rating of 3.0 based on two reviews. Aesseal Marine Plc regularly imports machinery, boilers, and mechanical appliances; parts (59 months imported), and exports similar items (48 months exported).

The company’s website redirects visitors to www.aesseal.com, indicating a connection to AESSEAL Plc, a larger entity specializing in engineering solutions. While Aesseal Marine Plc’s specific role isn't immediately clear from the redirect, it likely supports AESSEAL Plc’s broader operations, possibly focusing on marine-related products or services. The site doesn't appear to be an e-commerce platform itself, suggesting a business-to-business model rather than direct consumer sales.

Financially, Aesseal Marine Plc presents a mixed picture. Current assets have decreased by 23%, falling to £480,000, while net assets have dropped by 53%, settling at £400,000. Bank borrowings have decreased by 100%, indicating a reduction in debt, and cash reserves have fallen by 82%, dropping to £32,000. Director remuneration has increased significantly, rising by an unstated amount, and deferred tax expense credit has increased by 630%. Despite these changes, the company’s overall net assets remain positive, suggesting it’s not in immediate financial distress, although the decline in cash reserves warrants attention. The company’s auditor, BHP LLP, has noted that the company’s financial statements have been prepared in accordance with FRS 102.

The company is considered large, meeting two of three criteria: turnover more than £36 million, balance sheet more than £18 million, and employees more than 150. The decrease in cash reserves could be due to increased investment in inventory or expansion, but it's something to keep an eye on.

Registered in England/Wales under the registration number 05426346, with a registered address at S60 1BZ, Rotherham, South Yorkshire, Aesseal Plc Global Technology Centre, Mill Close.

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