Citrine Marine Services Ltd

Citrine Marine Services Ltd, based in Edgware, UK, is a small, active company founded five years ago. With two employees and £340,108 in assets, it's a solo-founded operation managed by two directors and one owner. The company operates in the repair and maintenance of ships and boats, information technology consultancy activities, engineering related scientific and technical consulting activities, and other professional, scientific, and technical activities. It's a regular importer of machinery, boilers, and mechanical appliances, parts, with 7 months of import activity recorded, and a regular exporter of the same, with 65 months of export activity.

The company's website highlights its specialization in special projects, repairs, dry docking supervision, and engineering audits. It caters to ship owners, managers, financial institutions, and brokers, offering detailed reports and recommendations based on data analysis. The business even provides inspection services using high-tech tools and web-based delivery, ensuring clients receive accurate condition assessments of vessels. A single email to technicalcitrinemarine.com triggers a quick response, indicating a commitment to customer service.

Financially, Citrine Marine Services Ltd presents a mixed picture. While cash bank on hand decreased slightly by 2%, current assets also fell by 2%, to £340,000. Net assets, however, increased by a healthy 7%, reaching £310,000. Creditors rose significantly by 120%, and finance lease liabilities increased by 120% as well. Bank borrowings, however, disappeared entirely. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble. The lack of a reported auditor suggests it’s exempt as a small company, and the accounts are unaudited.

The increase in creditors and finance lease liabilities could indicate a period of investment or expansion, but it's also possible that the company is managing its cash flow more tightly. The company’s focus on specialized marine services and its commitment to detailed reporting suggest a sustainable business model, but the financial details warrant further monitoring.

Registered in England/Wales under the registration number 12122539, with a registered address at HA8 8GR, England, Edgware, 13 Curton Close.

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