Caudwell Marine Limited

Caudwell Marine Ltd, based in Stafford, UK, is a large, holding company with an active status, founded six years ago in 2018. Employing 23 people and holding assets of £5,247,566, the company operates from a real address and is led by two directors and one owner. Its Google rating stands at a respectable 4.0 based on four reviews. The company regularly imports machinery, boilers, and mechanical appliances, parts, with 48 months of import activity recorded, the latest in December 2024. It also exports similar products, with 10 months of export activity, the last in July 2024.

The company’s website highlights a revolutionary diesel outboard engine, the AX300 V6, positioning itself as a disruptor in the marine market. It emphasizes creating exciting, responsive, and dependable propulsion and steering products, aiming to redefine the marine experience. The company is clearly investing in its future, with a growing team and the backing of billionaire entrepreneur John Caudwell. It’s preparing for a 2025 launch, with headquarters in Coventry and a development centre in Lowestoft, ensuring access to both challenging North Sea conditions and inland waterways.

Financially, Caudwell Marine Ltd presents a mixed picture. While cash bank on hand increased significantly by 200% to £700,000, net losses deepened considerably, reaching -£11,000,000. Bank borrowings surged by 800% to £11,000,000, and trade creditors rose 18% to £560,000. On the positive side, plant machinery increased by 580% to £2,100,000. The company’s large size (meeting two of three criteria for turnover over £36 million, balance sheet over £18 million, and over 250 employees) suggests substantial operations, but the significant losses and increased debt raise concerns. The company’s auditor, DJH Mitten Clarke Audit Limited, has provided an unaudited report. The increase in administrative expenses by 34% to £11,000,000 also warrants further investigation.

Registered in England/Wales under the registration number 11428217, with a registered address at ST21 6NS, United Kingdom, Stafford, Broughton Hall Broughton, Eccleshall.

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