London Marine Group Limited

London Marine Group Limited, based in London, UK, is a holding company with an active status, celebrating 27 years since its founding in December 1997. The company employs 22 people and holds assets valued at £1,840,252. It operates from a real address, with three directors guiding its operations, although no owners are officially registered—a situation that suggests one of the directors likely holds significant control. The company boasts a stellar Google rating of 5.0 based on five reviews. Regular exporting of iron or steel products has occurred over nine months, with the last export operation recorded in May 01, 2019.

The company's website highlights its expertise in offshore floating energy and mooring systems. It offers a wide range of services, including renewable and sustainable solutions, engineering, project development, hull and platform design, fabrication, and product offerings like mooring systems, charging docks, and power transfer systems. A news section showcases recent projects, including participation in conferences, acquisitions, and successful installations. The website also features a quicklinks section with contact information and a corporate brochure download.

Financially, London Marine Group Limited’s report paints a complex picture. While current assets increased by 9.1% to £1,800,000, net assets experienced a dramatic 52% drop to £790,000. This significant decline is largely attributed to a 52% decrease in net current assets, which fell to £790,000. Bank borrowings surged by 9.5%, reaching £1,700,000, while cash reserves declined by 22% to £14,000. Creditors also increased substantially, rising by 4100% to £1,000,000. The company’s average number of employees increased by 14% to 25. The report was audited by Thorne Lancaster Parker, and the accounts were prepared in accordance with United Kingdom Generally Accepted Accounting Practice. The sharp drop in equity, despite increased revenue, suggests the company may be investing heavily in growth or facing increased expenses—a common trait for holding companies.

Registered in England/Wales under the registration number 03480901, with a registered address at SE1 9RS, England, London, Runway East, 20 St. Thomas Street.

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