Atlantas Marine Limited

Atlantas Marine Ltd from Yeovil, UK, is a small, active company established 24 years ago in November 2000. With 12 employees and a real address, it’s a family-run business led by two directors and a solo founder. The company regularly imports electrical machinery and equipment (47 months) and exports optical and medical tools and devices (29 months), indicating a diverse range of international trade.

The company’s website reveals a more detailed picture: Atlantas Marine delivers innovative, safe, and reliable underwater exploration tools for sectors like offshore energy, defence, and scientific research. It’s a global supplier and operator of ROVs, offering sales, rentals, operator services, and maintenance. The site showcases a range of ROVs, accessories, inspection services, training courses, and a selection of case studies demonstrating successful projects in various industries. It even has a dedicated section for news and insights, highlighting industry trends and company updates.

Financially, Atlantas Marine Ltd presents a mixed bag. Cash reserves have impressively tripled to £2.2 million, a significant boost. However, net assets have also increased by 22%, reaching £4.4 million, but trade debtors have fallen by 80%, suggesting potential payment issues with customers. Bank borrowings have surged by a staggering 2,400%, reaching £29,000, and creditors have decreased by 58%, indicating improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million and assets under £5.1 million. The unaudited accounts, lacking an auditor's report, rely on director-reported data.

The company’s growth in cash reserves is encouraging, but the sharp decline in trade debtors and the reliance on bank borrowings raise concerns. The increased focus on ROV services and international trade, as highlighted on their website, suggests a strategic shift, but its financial health will depend on successfully managing customer payments and maintaining a sustainable borrowing level.

Registered in England/Wales under the registration number 04109813, with a registered address at BA22 8XG, United Kingdom, Yeovil, Somerset, Unit 38 Glenmore Business Park, Challenger Way.

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