Macduff Shipyards Limited

Macduff Shipyards Ltd is a large, active company founded 47 years ago, back in 1977. With 220 employees and £19,713,493 in assets, it’s a significant player in the shipbuilding industry. Based in Macduff, Scotland, the company boasts a real address and is managed by five directors and two owners. Google reviews are glowing, with a perfect 5.0 rating from ten customers. Regular import and export activity is noted, with machinery, boilers, and mechanical appliances being key products.

The company’s website reveals a broader range of services beyond shipbuilding. Alongside its core business, Macduff Group operates Crane Hire, Profilers Precision Engineering, and even offers services related to precision engineering. Facilities are spread across Macduff, Buckie, and Fraserburgh, catering to vessels up to 65m long. They provide design, production, repair, and refit services.

Financially, Macduff Shipyards Ltd shows a mixed picture. Current assets increased by 12%, reaching £20 million, which is good news. However, net assets also increased by 11%, reaching £21 million. Bank borrowings decreased by 14%, to £30,000, and cash reserves increased by 2%, to £8 million. Interestingly, director remuneration decreased by 7%, to £430,000. The company meets two of three criteria to be considered large, with turnover exceeding £36 million and balance sheet total over £18 million. The accounts were audited by Johnston Carmichael LLP.

The company’s financial health appears stable, with increased assets and reduced borrowing. The decrease in director remuneration could be a result of restructuring or cost-cutting measures. It’s clear that Macduff Shipyards Ltd is a well-established and reputable company, navigating the challenges of the shipbuilding industry with a diverse range of services and a strong online presence.

Registered in Scotland under the registration number SC063241, with a registered address at AB44 1QT, The Harbour, Macduff.

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