Legasea Ltd

Legasea Ltd from Westhill UK: small company, active status, founded 6 years ago, 11 employees, £1,732,428 assets, real address, 2 directors, 2 owners. Regular importer of electrical machinery and equipment (3 months imported). Regular exporter of electrical machinery and equipment (9 months exported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. Legasea Ltd operates in the manufacture of electricity distribution and control apparatus industries, and is a regular importer, with its top import category being Electrical machinery and equipment, totaling 3 months of imports. The last import operation was conducted on December 01, 2024. The company is also a regular exporter, with its top export categories including Electrical machinery and equipment, totaling 9 of months exports. The last export operation took place on February 01, 2025.

Legasea Ltd’s website showcases a specialist in subsea equipment and services, primarily focused on decommissioning, refurbishment, and storage of electrical and hydraulic components. It’s not a typical e-commerce site; instead, it acts as a detailed brochure outlining the company’s capabilities. The site highlights a commitment to sustainability and a "circular economy" model, emphasizing reuse and restoration of equipment to minimize waste. Services include onshore, offshore, and onsite operations, catering to client needs while minimizing costs. A key offering is the refurbishment of subsea production systems, taking ownership of waste parts and making them safe and clean for reuse. The company aims to mitigate risk, improve green credentials, and align with corporate social responsibility strategies—a compelling message for the oil and gas industry.

Financially, Legasea Ltd’s recent performance shows some interesting trends. While current assets increased by 36% to £1.7 million, net assets have taken a hit, plummeting 270% to £86,000. Bank borrowings decreased by 48%, falling to £81,000, and cash reserves grew by 5% to £80,000. Creditors, however, have increased significantly, rising 32% to £160,000. Advances to directors have also seen a change, with a surge in advances credits to directors. The company’s small size helps it stay agile, but the sharp decline in equity raises questions. No auditor is mentioned, likely due to its status as a small company.

Overall, Legasea Ltd appears to be navigating a period of change. While its core business of subsea equipment services remains active, the financial data suggests a need to carefully manage debt and equity. The company’s focus on sustainability and reuse positions it well for the future, but its ability to maintain financial health will be crucial for long-term success.

Registered in Scotland under the registration number SC617131, with a registered address at AB32 6XL, Scotland, Westhill, Aberdeenshire, Unit 11 Birchmoss Plant & Storage Depot, Echt.

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