Genesis Maritime Ltd

Genesis Maritime Ltd, based in Hull, UK, is a small, active company founded 26 years ago. With four employees and £158,604 in assets, it’s a well-established operation run by one director and two owners. The company has a real registered address and operates from Unit 6 Milestone Business Park. Genesis Maritime Ltd primarily exports machinery, boilers, and mechanical appliances, with six months of export activity recorded. It also imports these same items, but only irregularly, with just one month of import activity noted.

The company’s website is not available, so it’s difficult to determine the specifics of their online presence. However, the business appears to be focused on facilitating trade in industrial equipment. They operate in the agents involved in the sale of a variety of goods industries.

Financially, Genesis Maritime Ltd has experienced some challenges. Current assets have decreased by 27% to £160,000, while net assets have fallen by 22% to £230,000. Cash reserves have also declined significantly, dropping 46% to £88,000. Trade debtors have increased by a substantial 57%, which could indicate difficulties in collecting payments. On the positive side, creditors have decreased by 18%, suggesting improved debt management. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), which allows it to benefit from simplified reporting requirements. No auditor is mentioned, consistent with its status as a small company.

The decline in cash reserves and the increase in trade debtors are concerning, potentially indicating that the company is burning through cash faster than it's collecting payments. However, the decrease in creditors suggests that the company is managing its short-term liabilities effectively. It's likely that the company is navigating a period of transition, perhaps due to changing market conditions or increased competition.

Registered in England/Wales under the registration number 03596507, with a registered address at HU7 0YN, Industrial Estate Hull, North Humberside, Unit 6 Milestone Business Park, Oslo Road Sutton Fields.

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