Jw Automarine Ltd

Jw Automarine Ltd, based in Fakenham, UK, is a small, active company founded five years ago. With nineteen employees and £1,479,410 in assets, it’s a modest operation led by a single director and owner. The company regularly imports machinery, boilers, and mechanical appliances, parts (for six months), and exports the same items (for nineteen months). It operates from a real address, with only one other company registered at the same location.

The company's website highlights its expertise in marine supply, particularly liftbags and buoyancy solutions. It offers a range of products, including water weight test bags, custom engineering services, and solutions for forces rescue, bomb disposal, and flood defence. JWA also has divisions focusing on forces rescue, bomb disposal, flood defence, and gas/liquid containment, showcasing a diverse range of applications. The website emphasizes quality, bespoke design, and global reach, with divisions in the Americas and rental operations in Aberdeen and Atlanta. It even mentions Radio Frequency (RF) welding technology and sourcing materials from Europe.

Financially, Jw Automarine Ltd presents a mixed picture. Current assets have increased by 48% to £1,500,000, while net assets have jumped a substantial 39% to £1,300,000. Cash reserves have doubled to £170,000, a positive sign. However, bank borrowings have also risen significantly by 41% to £260,000, and trade debtors have ballooned by 94%, suggesting potential issues with customer payments. Creditors have also increased by 28% to £900,000. The company meets the criteria for a small company—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is exempt from an audit, relying on unaudited financial statements.

The increase in bank borrowings and trade debtors, while concerning, could be attributed to growth and expansion. The company's diverse product range and global reach, combined with its focus on bespoke solutions, suggest a potential for continued success.

Registered in England/Wales under the registration number 12547200, with a registered address at NR21 8SN, England, Fakenham, Jw Automarine Ltd, Enterprise Way.

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