Foreshore Technology Ltd

Foreshore Technology Ltd, based in Nailsea, UK, is a small, active company founded fifteen years ago in 2009. With seven employees and £981,609 in assets, it operates from a real address and is managed by four directors, though no owners are officially listed. The company regularly imports electrical machinery and equipment (seven months of imports, last in November 2024) and exports optical and medical tools and devices (three months of exports, last in August 2023).

The company’s website showcases a specialized focus on dredging technology. It provides software, hardware, and control systems for dredging operations, targeting commercial clients. Products range from backhoe and cutter suction dredger monitoring software to trailer systems and hydrographic survey tools. The site highlights a global reach, with demonstrations and support offered worldwide. It even has a section dedicated to land-based applications of its technology, like monitoring groundworks.

Financially, Foreshore Technology Ltd presents a mixed picture. Cash reserves increased significantly by 30% to £830,000, a positive sign of liquidity. However, trade debtors decreased by a substantial 48%, suggesting potential issues with customer payments. Net assets grew by 9.2% to £1.1 million, but corporation tax payable increased by nearly 10%, and other taxation social security payable exploded by 2300%, which is a worrying trend. Property, plant, and equipment declined by 25% overall, and bank borrowings increased. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 25 employees. No auditor is mentioned, which is typical for a small, exempt company.

Overall, Foreshore Technology Ltd seems to be navigating a period of change. While its cash position is strong, the decline in debtors and the sudden increase in tax liabilities warrants close monitoring. The company’s niche focus on dredging technology and its global reach suggest potential for future growth, but financial stability will be key to sustaining that momentum.

Registered in England/Wales under the registration number 06949268, with a registered address at BS48 1BZ, United Kingdom, Nailsea, Bristol, Old Ambulance Station 1b Brockway, Nailsea.

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