Aurora Marine Ltd.

Aurora Marine Fuels Ltd, based in Shetland, UK, is a small, active company founded thirteen years ago in 2011. With two employees and £5,019,572 in assets, it operates from a real address and is run by two directors and owners, making it a family business. The company regularly imports machinery, boilers, and mechanical appliances, with a history of 13 months of import activity, the last recorded in 2019.

Aurora Marine Fuels’ website reveals a shift in focus. Established in 2019, it's now a worldwide supplier of marine fuels and lubricants, offering an "experienced and motivated team" with market knowledge and competitive pricing. The site, designed by RedChilli Network, suggests a move away from the original marine aquaculture focus mentioned in earlier reports. The company owns Ocean Farm Services Ltd.

Financially, Aurora Marine Fuels shows a mixed picture. While cash bank on hand increased significantly by 72% to £21,000, current assets grew by just 3.9% to £5,000,000. Creditors, however, skyrocketed by 240% to £64,000, and trade debtors increased by 140% to £270,000, which could indicate a need for improved cash flow management. Despite these challenges, the company’s net assets increased by 2.9% to £5,000,000. The company is small, meeting two of three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from a full audit, so the figures are unaudited. It's possible the increased creditors are a result of expanding operations and securing larger contracts, but careful monitoring of cash flow will be important.

Registered in Scotland under the registration number SC404958, with a registered address at ZE2 9AQ, Shetland, Vaarhjem Hillhead, Symbister, Whalsay.

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