Marine 16 Ltd

Marine 16 Ltd, based in Swansea, UK, is a small, active company founded 20 years ago. With just two employees and £59,896 in assets, it operates from a virtual address, a detail that’s a little unusual as 237 other companies share the same location. The company is run by two directors and two owners, though the list of owners hasn’s changed in seven years.

The business primarily exports soaps, cleaning products, and waxes – a regular activity spanning five months – but also dabbles in importing miscellaneous chemical products, though this is less frequent, with just one month of import activity recorded as of June 2022. Marine 16 Ltd describes itself as operating in the sea and coastal freight water transport industries. Their website highlights a focus on fuel treatments, fuel tank management, and zero-plastic boat cleaners, targeting the RNLI and Royal Marines. They manufacture fuel treatments and boat cleaners, emphasizing environmentally friendly practices with aluminum bottles and biodegradable refills. The site also offers specialized products like nanotechnology sealers and a "sick kit" for those moments when seasickness strikes.

Financially, Marine 16 Ltd presents a mixed picture. Cash bank on hand increased by a significant 71% to £24,000, a positive sign, but net assets liabilities also grew by 33% to £4,900. Creditors increased substantially, jumping 250% to £23,000, which could indicate increased reliance on credit. Trade debtors also rose by 14% to £17,000. Despite these changes, the company’s small size—meeting two of three criteria for a small company—allows for agility. The lack of an auditor mentioned suggests the company is exempt from an audit. The company’s net current assets liabilities increased by 73% to £3,600, which is a little concerning.

Registered in England/Wales under the registration number 05208761, with a registered address at SA7 9LA, Wales, Swansea, C/O Bevan Buckland Llp Ground Floor Cardigan House, Castle Court Swansea Enterprise Park.

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