Ferry Marine Limited

Ferry Marine Limited, based in Livingston, UK, is a small, active company established 39 years ago. With six employees and £394,537 in assets, it’s a well-established player in the marine sector. The company, managed by two directors and owned by Addison Paul, holds a respectable 4.0-star Google rating based on 39 reviews. It's a regular importer, specializing in ships, boats, and floating structures, with recent activity recorded in March 2024.

The company’s primary focus, as highlighted on its website, is the repair and servicing of marine engines, particularly for RIBs (Rigid Inflatable Boats). Ferry Marine operates a dedicated engine center, offering services like inboard and outboard repairs, diagnostics, tuning, and even Suzuki Outboard sales. It’s a family-run business with over 35 years of experience, catering to a wide range of boating requirements. The website also mentions a separate venture, 1066 Pianos, which operates from Cambridge and even has a showroom in Harrods, London, specializing in high-end piano restoration.

Financially, Ferry Marine Limited presents a mixed picture. While cash bank on hand has decreased significantly by 44% to £170,000, creditors have fallen by 36% to £290,000, indicating improved debt management. However, net assets have also declined by 6.4% to £130,000, and bank borrowings have increased, suggesting a reliance on external funding. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the drop in equity warrants attention. There’s no auditor mentioned, so the accounts are unaudited.

Overall, Ferry Marine Limited appears to be navigating a period of change. While its core business remains active and well-regarded, the financial figures suggest a need for careful management and a focus on sustainable growth.

Registered in Scotland under the registration number SC093857, with a registered address at EH54 5QS, Livingston, West Lothian, Unit 1 Hunting Park, Houstoun Industrial Estate.

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