Industrial Marine And Gas Engines Ltd

Industrial Marine And Gas Engines Ltd from Lancs UK: small company, active status, founded 20 years ago, 2 employees, £292,585 assets, real address, 3 directors, 2 owners, family business. Regular importer of machinery, boilers, and mechanical appliances; parts (11 months imported). Regular exporter of machinery, boilers, and mechanical appliances; parts (21 months exported).

Industrial Marine And Gas Engines Ltd is a small, family-run business based in Wigan, UK, with a history spanning two decades. The company, currently employing just two people, operates from a real address and is led by three directors and two owners. It’s a regular importer and exporter of machinery, boilers, and mechanical appliances, with a focus on parts. The company’s website, industrialmarinepower.com, functions as a free advertisement portal for the marine and industrial sectors, offering a platform for buying and selling equipment, spare parts, and services. It’s a bit of a busy site, with classified ads, a company index, and news updates alongside a forum-like feel.

The website’s primary function seems to be facilitating connections within the industry, rather than direct sales. It’s a marketplace, not an e-commerce site. The portal offers a wide range of categories, from engines and spares to cranes and aviation equipment, catering to a global audience. The site also features news articles related to the industry, such as import tariff changes and technological advancements. It’s a bit of a sprawling resource, and it’s not immediately clear how much of the website's activity is directly linked to the company's core business.

Financially, Industrial Marine And Gas Engines Ltd shows a mixed picture. While net assets increased by 210%, reaching £12,000, cash reserves have fallen by 20,000%, plummeting to £85,000. Bank borrowings have surged by a staggering 860%, reaching £32,000, and trade debtors have ballooned by 200%, reaching £190,000. Creditors have also increased significantly, rising by 860% to £32,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp changes in bank borrowings and trade debtors raise questions. The unaudited financial statements, exempt due to its small size, rely on director-reported data.

Registered in England/Wales under the registration number 05320363, with a registered address at WN6 8EA, Lancs, 10 Broad O' Th' Lane, Shevington, Wigan.

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