Biomarine Services Limited

Biomarine Services Limited, based in London, UK, is a small, active company founded eight years ago. With two employees and £295,733 in assets, it operates from a real address and is led by a single director and owner – a solo founder. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with just one month of import activity recorded as of February 2021.

The company’s website reveals a focus on biofouling management and Ballast Water Management System (BWMS) services. Biomarine Services provides sampling, analysis, and maintenance, including D2 Commissioning Testing and underwater inspections. Operating in over 90 countries, the company serves shipowners, administrations, manufacturers, and class societies, emphasizing high-quality, reliable services. It’s an IACS Class-approved Service Provider, ensuring compliance and expertise in the maritime industry. The site also includes a contact form and blog, suggesting a focus on customer engagement.

Financially, Biomarine Services Limited presents a mixed picture. While current assets increased by 70% to £300,000, net assets surged by an astounding 90,000% to £90,000—a significant turnaround. Bank borrowings decreased by 53%, reaching £5,400, and cash reserves plummeted 100% to just £8. Creditors increased by 130%, suggesting increased reliance on trade credit. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no mention of an auditor, which is common for small companies.

Overall, Biomarine Services Limited appears to be navigating a period of change. While the company's financial situation has improved significantly, the sharp decline in cash reserves warrants attention. The company's focus on specialized maritime services and its IACS Class approval likely contribute to its stability, but ongoing monitoring of its financial health is advisable.

Registered in England/Wales under the registration number 10424111, with a registered address at SM1 4FS, England, London, Office 203 6 Sutton Plaza, Sutton Court Road.

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