Keynvor Morlift Limited

Keynvor Morlift Ltd, based in Falmouth, UK, is a sizable company with a 16-year history, currently employing 34 individuals. The company holds assets valued at £12,913,763 and operates as a holding company with an active status. It’s a real address, with two directors and one owner reported. Keynvor Morlift regularly imports iron or steel products (12 months) and exports machinery, boilers, and mechanical appliances; parts (4 months).

The company specializes in providing offshore marine services in the UK, acting as contractors for shoreline, coastal, and offshore operations. They operate their own fleet of specialist marine vessels and offer consulting, advisory, and project management services, including engineering design. They even own a subsidiary, Fairhaven Shipping Company (uk) Limited. Their website highlights a focus on marine renewable energy construction projects and a commitment to delivering high-quality services on time and within budget.

Financially, Keynvor Morlift Ltd presents a mixed picture. Current assets increased by 33%, reaching £13 million, a positive sign. However, net losses widened significantly, jumping 210% to £1.4 million. Bank borrowings increased by 17%, reaching £1.1 million, while cash reserves fell 86%, dropping to just £210,000. Creditors decreased by 70%, which is good, but the substantial loss and declining cash reserves suggest the company is burning through money. Trade debtors increased by 890%, which may indicate difficulties in collecting payments. The company meets two of three criteria to be classified as a large company, and the accounts are unaudited, relying on the director’s reported data. The company’s auditor is Westcotts (SW) LLP.

Registered in England/Wales under the registration number 06758978, with a registered address at TR11 2TF, United Kingdom, Falmouth, Cornwall, Unit 15 Falmouth Wharves, North Parade.

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