Black Gang Marine Ltd

Black Gang Marine Ltd from Portsmouth UK: a small, active company founded six years ago, employs eight people, and holds £44,290 in assets. It's a solo-founded operation with two directors and a 5.0 Google rating based on 17 reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances, with one month of imports recorded.

The company’s website highlights its focus on marine service and repairs, specializing in inboard engine and drive support, electrical repairs, and heavy engineering. It boasts a team of "inimitable professional specialists" and caters to a range of high-end vessel manufacturers like Princess, Fairline, and Sunseeker. Customer testimonials praise the company's expertise, responsiveness, and competitive rates. The site also showcases a newer venture, BGM EcoTech Systems, focusing on marine conservation and eco-friendly technologies like Sonihull and Whisper Power.

Financially, Black Gang Marine Ltd shows some concerning trends. Current assets have fallen by a substantial 46%, dropping to £44,000, while net assets have plummeted 35%, reaching £22,000. Bank borrowings have increased by 36%, rising to £8,800, and cash reserves have decreased significantly by 63%, leaving only £18,000. Creditors have also increased by 53%, reaching £85,000. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity and cash reserves suggests potential financial strain. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s focus on specialized marine services and its commitment to eco-friendly technologies could be a strength, but the recent financial performance warrants close monitoring.

Registered in England/Wales under the registration number 11540736, with a registered address at PO6 4TR, United Kingdom, Portsmouth, Hampshire, Unit 16 The Slipway, Port Solent Marina.

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