Marinamill Limited

Marinamill Ltd from Cuxton UK is a small, active company founded 34 years ago, in 1991. It employs ten people and holds £702,514 in assets. A family business with four directors and two owners, it boasts a perfect 5.0 Google rating based on one review. The company regularly imports various natural fibers, paper yarn, and fabrics made from paper yarn (seven months of imports), and exports special woven and decorative fabrics (forty-one months of exports).

The company operates in the finishing of textiles and the manufacture of soft furnishings. It’s a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. Its cash reserves have grown by 10%, reaching £400,000, while current assets have increased by 13% to £700,000. However, creditors have risen by a significant 12% to £270,000, and trade debtors have jumped 23% to £230,000. Bank borrowings have decreased slightly by -8.5% to £660.

The financial data suggests a period of growth, but also increased reliance on credit. The company’s net assets have grown by 13% to £460,000, which is a positive sign. The company’s focus on importing raw materials and exporting finished fabrics indicates a complex supply chain. The lack of an auditor mentioned (likely exempt as a small company) means the financial statements are unaudited. It's likely that the company has been experiencing increased demand, leading to higher sales and, consequently, higher credit exposure. It's also possible that the company is investing in new equipment or expanding its operations, which would require additional financing.

Registered in England/Wales under the registration number 02579849, with a registered address at ME2 1AB, Cuxton, Rochester, Cuxton Marina, Station Road.

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