Jackup Gb Ltd

Jackup Gb Ltd, based in Chandler's Ford, UK, is a small holding company with an active status, having been founded sixteen years ago in 2008. The company employs four people and holds assets valued at £398,099. It operates from a virtual address, registered to a building shared by many other companies, which is a little unusual. Two directors and two owners are listed, though the owner information is not exhaustive.

The company’s primary activity involves importing iron or steel products, with regular activity over the last three months. It also exports machinery, boilers, and mechanical appliances, though this is less frequent, with just two months of export activity recorded. The company’s website reveals a focus on supporting the offshore energy sector, providing Jackup barge services, and even boasting a fleet of vessels. It’s a family member of the Van Es Group, a larger entity involved in drilling and offshore solutions.

Financially, Jackup Gb Ltd shows a mixed picture. Current assets have decreased by 60%, falling to £400,000, while net assets have also dropped significantly by 90%, now standing at £650,000. Bank borrowings have been reduced by 75%, reaching £810,000, and cash reserves have fallen by 67%, now at £250,000. Creditors have also decreased significantly, by 66%, to £1.2 million. The company meets the criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s unaudited accounts, as it’s exempt from an audit, rely on director-reported data.

The sharp decrease in assets and cash reserves, while creditors have also decreased, suggests the company may be burning through cash. However, the reduction in bank borrowings is a positive sign. The company's focus on a niche offshore energy market, combined with its family connections, could provide stability, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 06692402, with a registered address at SO53 3TL, United Kingdom, Chandler's Ford, C/O Xeinadin First Floor Secure House, Lulworth Close.

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