Enshore Subsea Limited

Enshore Subsea Ltd, based in Blyth, UK, is a large, holding company with an active status. Founded just four years ago in 2021, the company employs 65 people and holds substantial assets of £42,104,088. Its yearly revenue is a solid £51,910,405. With four directors and one owner, the company boasts a perfect 5.0 Google rating based on two reviews. It's a regular importer of optical and medical tools and devices, with recent activity in August 2024, and a consistent exporter of machinery, boilers, and mechanical appliances, with its last export operation in January 2025. The company’s registered address is real, with only two companies registered at the same address.

The company operates in the specialised construction activities, management consultancy, and business support service industries. It's a large company, meeting two of three conditions: turnover exceeding £36 million, balance sheet total exceeding £18 million, and an average number of employees exceeding 250.

While the company’s website isn’t available, the financial data paints a complex picture. Accrued liabilities and deferred income have increased dramatically, jumping from £1.9 million to a staggering £16 million. This could indicate a significant increase in outstanding payments or a change in accounting practices. Conversely, the company's amortisation of computer software and copyrights has remained stable.

Bank borrowings have surged, increasing by 1300%, reaching £29 million. This suggests the company is taking on debt, possibly to finance expansion or cover operational costs. Cash reserves, however, have fallen by a considerable 67%, dropping to £5.7 million. This, combined with the increased borrowings, raises concerns about liquidity. Despite this, trade debtors have increased by 890%, suggesting delayed customer payments or expanded credit terms.

The company’s auditor, UNW LLP, hasn’t reported any issues, but the significant changes in financial metrics warrant close monitoring. The increase in liabilities, coupled with the decrease in cash, could indicate that Enshore Subsea Ltd is burning through money, although it's possible that this is a temporary situation linked to large contracts or investments. The company’s continued success will depend on its ability to manage its debt and maintain strong cash flow.

Registered in England/Wales under the registration number 13146439, with a registered address at NE24 3PB, United Kingdom, Blyth, Enshore Subsea South Harbour, Port Of Blyth.

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