Holyhead Marine Services Limited

Holyhead Marine Services Ltd, based in Anglesey, UK, is a substantial company with a 58-year history, currently employing 52 people and holding assets worth £5.1 million. The company, a holding entity with an active status, generated £8.8 million in revenue last year. With six directors and one owner, it operates from a real address and maintains a stellar 5.0 Google rating based on 19 reviews. The business regularly imports and exports machinery, boilers, and mechanical appliances parts—with import activity spanning 48 months and export activity lasting 8 months.

Holyhead Marine Services specializes in the construction, maintenance, and repair of vessels, offering services ranging from new builds to refits. Their website highlights expertise in aluminium, steel, and GRP boats up to 24m, catering to clients needing pilot boats, patrol boats, military vessels, and support craft. They also provide fleet support and refit services, emphasizing bespoke solutions and exceptional engineering.

Financially, Holyhead Marine Services shows some concerning trends. Accumulated depreciation on property, plant, and equipment increased by 29%, indicating wear and tear on assets. While cash reserves saw a significant boost, rising by 250% to £1.7 million, bank borrowings also increased. The company’s production team has grown by 13%, but net assets have declined, and the company reported a loss of £230,000. Trade payables rose by 94%, suggesting a reliance on credit from suppliers. Aston Hughes Limited performed the audit.

Despite these challenges, the company’s strong reputation and diverse service offerings suggest resilience. The growth in cash reserves is a positive sign, but the increase in debt and losses warrants close monitoring. It’s likely that the company is investing in its facilities and workforce to meet growing demand, but the financial data indicates a need for careful management.

Registered in England/Wales under the registration number 00895484, with a registered address at LL65 1YB, Anglesey, Newry Beach Yard, Holyhead.

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