Caley Ocean Systems Limited

Caley Ocean Systems Ltd from Aberdeen UK is a large, holding company with an active status, having been founded 25 years ago in 1999. The company employs 73 people and operates from a virtual address, registered at Brodies House, which is probably virtual as twenty four companies registered at the address. It’s led by three directors and has one owner, boasting a Google rating of 4.0 based on eight reviews. The company regularly imports electrical machinery and equipment (26 months imported) and exports machinery, boilers, and mechanical appliances; parts (361 months exported).

The company specializes in the manufacture of lifting and handling equipment. Its website, while not providing detailed e-commerce functionality, showcases a range of engineering services and solutions for the offshore and subsea industries. They appear to focus on providing bespoke solutions rather than direct sales to consumers.

Financially, Caley Ocean Systems Ltd presents a mixed picture. While assets increased by 11%, reaching £390,000, net assets decreased by 38% to £9.8 million. Bank borrowings have been eliminated, which is positive, but cash reserves have fallen by a significant 52%, now standing at £3.2 million. Creditors have also decreased by 23%, suggesting better debt management. Turnover decreased by 13%, reaching £2.9 million. The company meets two of three criteria for a large company: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The unaudited financial statements were prepared by Johnston Carmichael LLP.

The reduction in cash reserves, despite a decrease in creditors, raises questions about the company’s liquidity. The decrease in turnover, while not drastic, could indicate challenges in securing new contracts or increased competition. However, the elimination of bank borrowings suggests a focus on financial stability. The company's continued export activity and positive Google rating indicate a strong reputation in its niche market.

Registered in Scotland under the registration number SC200730, with a registered address at AB10 6SD, Scotland, Aberdeen, Brodies House, 31-33 Union Grove.

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