Asp Ship Management Limited

Asp Ship Management Ltd, based in Wallsend, UK, is a small, active company founded 25 years ago in 1999. It employs five people and holds £20,097 in assets. The company has four directors and a single owner, who is also the solo founder. It’s a regular importer of machinery, boilers, and mechanical appliances—parts, with 7 months of import activity recorded as of February 2025.

The company operates in the sea and coastal freight water transport industries, providing services and solutions to the global maritime sector. It manages maritime assets, ensures compliance, and minimizes risk using digital systems. Services include ship management, technical support, crew management, and marine logistics, delivered from a network of 12 offices in 10 countries. While originating from the Australian maritime sector 60 years ago, the company has expanded globally, with offices in Singapore, India, Australia, New Zealand, and the UK. The Melbourne office coordinates activities in Australia, New Zealand, PNG, and the Pacific Islands.

Financially, Asp Ship Management Ltd presents a mixed picture. Current assets decreased by 9.6% to £20,000, while net assets declined by 8.7% to -£990,000. Bank borrowings surged by 36%, reaching £390,000, and cash reserves plummeted 78% to just £1,700. Creditors increased by 8.1% to £1,000,000, and trade debtors rose by 29% to £18,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the equity decline is concerning. The company’s accounts are audited, and Azets Audit Services is the auditor. It seems the company is struggling to maintain a positive cashflow.

Registered in England/Wales under the registration number 03836217, with a registered address at NE28 9NX, England, Wallsend, Unit 5 Silverlink Business Park.

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