Island Marine International Limited

Island Marine International Ltd, based in Kent, UK, is a small holding company with an active status, celebrating 25 years since its founding in 2000. The company employs just three people and holds £394,273 in assets. It operates from a virtual address – thirty-five companies are registered at the same location – and is managed by three directors, with one reported owner. The company is an irregular importer, primarily dealing in iron or steel products, with its last import operation recorded back in February 2022.

The company’s website reveals a business focused on supplying marine engine parts, automation spares, and auxiliary engine spares. It also appears to be involved in the restoration and supply of ship machinery, including turbo chargers, air compressors, and hydraulics. The site highlights a commitment to building long-term client relationships by offering competitive prices and prompt delivery. It operates from Chittagong ship breaking yard, Bangladesh, and has a warehouse in Sitakundo.

Financially, Island Marine International Ltd shows some concerning trends. Current assets have fallen by a significant 40% to £390,000, while net assets have also declined, dropping 12% to £820,000. Bank borrowings have remained steady at £280,000, but cash reserves have taken a hit, decreasing by 29% to £370,000. Trade debtors have plummeted by a massive 86%, suggesting difficulties in collecting payments. Creditors have also decreased, but the substantial drop in debtors and cash raises questions about the company’s liquidity. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it is exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 03905134, with a registered address at CT1 3DN, Kent, 27 New Dover Road, Canterbury.

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