Faversham Ships Ltd.

Faversham Ships Ltd from East Cowes UK is a small, active company founded 31 years ago. With 10 employees and £4,915,567 in assets, it's a well-established player in the maritime sector. The company, boasting a 4.0 Google rating from four reviews, has three directors and two owners, and operates from a real address. It’s a regular importer of machinery, boilers, and mechanical appliances; parts, with 23 months of import activity recorded.

The company's website reveals a fascinating business model. Faversham Ships specializes in sourcing and operating specific vessels for niche trades, commodities, and routes, building long-term relationships with clients. Currently, it owns and operates eleven vessels ranging from 2,495mt to 4,850mt, all UK/IOM flagged and suitable for various cargoes like grain, bulk, containers, steel, and even dangerous goods. The company emphasizes its crew as its biggest asset, providing comprehensive ship management services, from inspections and audits to crewing and technical support, with a team comprised mainly of ex-seafarers. The site also showcases its vessels and services, including managing, chartering, and technical operations.

Financially, Faversham Ships Ltd presents a mixed picture. While net assets increased by 65% to £9.3 million, cash reserves declined by 29% to £2 million. Bank borrowings decreased by 18% to £360,000, suggesting improved debt management. However, trade debtors increased by 22%, which could indicate challenges in collecting payments. The company’s small size (meeting two of three criteria for being a small company) allows for flexibility, but the decline in cash reserves warrants attention. The figures are unaudited, as is typical for small companies. Overall, Faversham Ships Ltd seems to be navigating the waters of the maritime industry, but keeping a close eye on its cash flow will be essential.

Registered in England/Wales under the registration number 02926546, with a registered address at PO32 6RA, East Cowes, Isle Of Wight, 5 Ferry Road.

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