Cooney Marine International Limited

Cooney Marine International Ltd, a medium-sized family business established 28 years ago, operates from Telford Way, Kettering, Northants. With 67 employees and a real address, the company boasts £4.85 million in assets and generates £6 million in annual revenue. Three directors and two owners manage the business, which has an active status.

The company’s core activities involve manufacturing and supplying marine stainless steel and aluminium fabrications. They offer a wide range of products, from bespoke handrails and oval tubes to cleats and fairleads, catering to the luxury yacht building industry. They also provide fabrication, tube bending, polishing, and design services, demonstrating a commitment to innovation and customer support. Outside the marine sector, Cooney Marine has undertaken projects for the Welsh Assembly building and high-rise buildings in London, showcasing their versatility.

While primarily an exporter of machinery, boilers, and mechanical appliances (50 months of export activity), Cooney Marine occasionally imports plastics and plastic products (1 month of import activity). The company’s website highlights its expertise in yacht equipment and restoration, with a focus on quality craftsmanship and customer service.

Financially, Cooney Marine shows some concerning trends. Accrued liabilities increased by 15%, while deferred income rose by nearly 40%. However, cash and bank balances saw a significant jump, increasing by over 100% to £2.5 million. Debtor amounts decreased by a substantial 34%, and creditors also fell by 12%. While turnover dropped by 12% to £6 million, the company’s net assets grew by 8%, reaching £6.3 million. The company's auditor, Meadows & Co Limited, has noted that the financial statements give a true and fair view, but the sharp decrease in debtors suggests potential cash flow challenges. The company’s small size (meeting two of three conditions for a medium-sized company) allows for agility, but the fluctuating financial metrics warrant close monitoring.

Registered in England/Wales under the registration number 03323711, with a registered address at NN16 8UN, Telford Way Kettering, Northants.

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