Auto Marine Cables Limited

Auto Marine Cables Ltd from Worsley UK: a large company, holding company, active status, founded 60 years ago, 65 employees, £11,562,382 assets, real address, 3 directors, 2 owners, google rating 4.0 based on 2 reviews. Regular importer of electrical machinery and equipment (458 months imported). Regular exporter of electrical machinery and equipment (214 months exported). It’s a sizeable operation, meeting two of the three criteria for a large company: turnover more than £36 million, balance sheet total more than £18 million, and employees more than 250. The company is a holding company, and currently active.

The company operates in the other manufacturing n.e.c., the wholesale of other intermediate products industries. Its website, automarinecables.co.uk, is primarily focused on showcasing its product range and providing contact information. It uses cookies to enhance site navigation and analyze site usage, and it's clear that the company is keen to attract distributors. The site highlights British-made cables for automotive and marine applications, with a particular emphasis on corrosion resistance and quality. They also act as a preferred distribution partner for Victron Energy products, and offer bespoke solutions for complex electrical systems.

Financially, Auto Marine Cables Ltd presents a mixed picture. While current assets increased by 8.9% to £12 million, net assets grew significantly by 44% to £11 million. However, bank borrowings increased by 30%, reaching £6.5 million, and cash reserves decreased by 30% to £1.2 million. Staff costs were down slightly, and director remuneration increased by 7.3%. The company’s creditors decreased by 21%, suggesting better debt management. The lack of a mention of an auditor suggests that the company is exempt from an audit.

The increase in bank borrowings and decrease in cash reserves could indicate that the company is investing in growth or facing increased working capital needs. The decrease in staff costs, while positive for the bottom line, could also be a sign of restructuring or efficiency improvements. Overall, Auto Marine Cables Ltd appears to be a stable, well-established company, but the financial data suggests that it's navigating some challenges.

Registered in England/Wales under the registration number 00804767, with a registered address at M28 3PT, Worsley, Manchester, Unit 32 Devonshire Road, Oakhill Trading Estate.

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