Air Marine Limited

Air Marine Limited, based in Hounslow, UK, is a small, active company established 31 years ago. With six employees and £984,471 in assets, it operates from a real address and is overseen by four directors and two owners. The company is known for irregular import activity, primarily dealing in optical and medical tools and devices over the last two months, and irregular export activity, focusing on furniture, lighting, and prefabricated buildings, with the last export occurring two months ago in 2018.

The company's website reveals it's a distributor for several well-known brands, including Safran APM Hexseal, Eaton Aerospace, and Comtronic Connectors. It operates as an authorised stocking and value-added distributor, supporting military, commercial, aerospace, marine, and tracked vehicle markets. The site highlights downloadable product information and a large selection of documents to assist customers. It also features a dedicated section for 1066 Pianos, a separate venture specializing in high-end piano restoration, which is quite a contrast to the company’s core business.

Financially, Air Marine Limited presents a mixed picture. While cash reserves have increased by a healthy 34% to £760,000, other areas show cause for concern. Net assets have risen by a modest 4.9% to £370,000, but bank borrowings have decreased by 28% to £66,000. Trade debtors have fallen by 16% to £220,000, which is a good sign, but creditors have increased by 29% to £640,000. The company’s small size—meeting two of three criteria for being a small company—allows for agility, but the rise in creditors suggests it’s relying on credit to keep operations running. The company’s average number of employees has increased by 17% to seven, which could be a positive sign of growth, but also increases overhead. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Air Marine Limited appears to be a stable, if somewhat reliant on credit, business. The company’s diverse range of products and services, coupled with its established relationships with major brands, provide a solid foundation for future growth, though it’s important to monitor its debt levels and ensure it can manage its increased operational costs.

Registered in England/Wales under the registration number 02883838, with a registered address at TW6 2AA, England, Hounslow, Crane House 1 Bath Road, Heathrow.

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