Armac Shipping Services Ltd

Armac Shipping Services Ltd, based in Rochester, UK, is a small, holding company with an active status. Established 18 years ago in 2007, it employs eight people and holds £1,422,725 in assets. With a real address and two directors, it's a relatively compact operation owned by Cbuoy Ltd. The company maintains a respectable Google rating of 4.0 based on two reviews. It's a regular importer, specializing in machinery, boilers, and mechanical appliances, with parts imported over the last three months.

The company operates in the other transportation support activities industries. Its website is not available for review.

Financially, Armac Shipping Services Ltd presents a mixed picture. While net assets decreased by 42%, falling to £280,000, cash reserves experienced a significant boost, rising 380% to £120,000. Bank borrowings were reduced by 32%, settling at £100,000. Trade debtors also saw a decrease, dropping 22% to £390,000. Creditors, however, increased by 30%, reaching £1.1 million. The company's small size—meeting two of three conditions for being considered small—allows for agility, but the decline in equity is a concern. The unaudited figures, with no auditor mentioned, rely on director-reported data.

The increase in bank borrowings suggests the company may be using debt to fund operations, while the decrease in trade debtors could indicate improved payment collection. The significant rise in cash reserves is a positive sign, but the overall trend warrants careful monitoring.

Registered in England/Wales under the registration number 06066008, with a registered address at ME2 4DP, England, Rochester, 36 Sir Thomas Longley Road, Medway City Estate.

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