George Hammond Marine Ltd

George Hammond Marine Ltd is a small, active company based in Canterbury, UK, founded four years ago. With ten employees and £1,880,438 in assets, it operates from a virtual address—a point of concern given that forty-eight companies are registered at the same location. The company is led by two directors and two owners, though the list of owners changed three years ago. It’s a regular importer of machinery, boilers, and mechanical appliances, with nineteen months of import activity recorded, the last in December 2024. It also exports various textile products, sets, used clothing, and rags, though this is irregular, with just two months of export activity as of March 2023.

The company’s website details a range of services related to the shipping industry. Based in Dover, Kent, George Hammond Marine provides agency services to ships using the Port of Dover and other UK ports. It also manages a pool of self-employed pilots and provides fuel to vessels at the Dover Marina Fuel Berth. Notably, a director, James Ryeland, holds the appointment of Honorary Consul to six European countries, adding a layer of international reach. The company's website also mentions a piano restoration business, which is interesting.

Financially, George Hammond Marine Ltd presents a mixed picture. Current assets remained relatively stable at £1,900,000, while net assets increased by 22% to £1,200,000. Bank borrowings decreased by 24%, and cash reserves increased by 4.3% to £1,300,000. Creditors decreased by 32%, suggesting better debt management. The company meets the criteria for a small company—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is exempt from an audit, relying on unaudited financial statements. The increase in net assets is encouraging, but the decrease in other debtors is a bit concerning.

The company’s continued operation in a virtual address is something to keep an eye on, but overall, George Hammond Marine Ltd seems to be holding its own, providing specialized services within the shipping industry.

Registered in England/Wales under the registration number 13313179, with a registered address at CT1 2TU, United Kingdom, Canterbury, Kent, 37 St Margarets Street.

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