Itchen Marine (towage) Limited

Itchen Marine Towage Ltd from Southampton UK: a small, family business, is active and has been around for 43 years. With 13 employees and £1,964,062 in assets, it operates from a real address and is overseen by three directors and two owners. It has a respectable Google rating of 4.0 based on 43 reviews. The company irregularly imports machinery, boilers, and mechanical appliances, with the last import occurring in October 2024.

The company’s website highlights its core business: providing towage services to the South for the past 80 years. It also mentions vessels, marine facilities, and products, with a contact email and phone number clearly displayed. The site, created by Yell UK, lists three directors, G.A. Wyeth and C.R. Wyeth, and gives a brief history of the company.

Financially, Itchen Marine Towage Ltd shows a mixed picture. Cash reserves have increased significantly, jumping 50% to £1 million, which is good news. However, net assets also increased by 16% to £3.3 million. Creditors have risen by 55%, and bank borrowings have decreased by 81%, which could be a sign of improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the increase in creditors warrants a closer look. The company is exempt from an audit, so the figures are unaudited. Overall, Itchen Marine Towage Ltd seems to be holding its own, but the increase in liabilities should be monitored.

Registered in England/Wales under the registration number 01566550, with a registered address at SO14 5GA, Southampton, Hampshire, American Wharf, Elm Street.

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