Cyclops Marine Ltd

Cyclops Marine Ltd, based in Portsmouth, UK, is a small, active company founded six years ago in 2018. With nine employees and £1,080,045 in assets, it’s a relatively modest operation overseen by four directors and one owner. The company regularly imports and exports optical and medical tools and devices—19 months of imports and 57 months of exports recorded—primarily serving the yachting and sailing industries.

The company's website highlights its focus on providing wireless load sensing technology for yachts and dinghies. They offer a range of products, including sensors, smart fittings, and data analysis tools, catering to both recreational and professional sailors. The site emphasizes the benefits of their technology, such as improved performance, rig protection, and ease of use. They also showcase partnerships with prominent figures in the sailing world, including Olympic champions and America’s Cup teams, lending credibility to their offerings. The website’s design is clean and modern, with a focus on product visuals and customer testimonials. It’s clear they’re targeting a niche market of performance-oriented sailors.

Financially, Cyclops Marine Ltd shows some interesting trends. Cash bank on hand increased dramatically by 830%, reaching £770,000, a significant boost. However, net current assets liabilities also increased by 480%, reaching £940,000, which is a large number. Creditors also increased by 160%, reaching £77,000. While bank borrowings decreased, it’s the sharp rise in liabilities that warrants attention. 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 for agility, but the increase in liabilities suggests a need to manage cash flow carefully. The company is exempt from an audit, so the financial information is unaudited. It’s a good thing that they have increased their cash bank on hand.

Registered in England/Wales under the registration number 11567240, with a registered address at PO6 4TH, England, Portsmouth, Hants, Suite A First Floor, Port Solent Marina.

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