Marine Components International Limited

Marine Components International MCI, based in Poole, UK, is a small, family-run business with an active status. Established almost 30 years ago, it employs seven people and holds £579,134 in assets. The company operates from a virtual address—twenty-three companies registered there—and is managed by two directors and two owners. MCI regularly imports and exports machinery, boilers, and mechanical appliances, parts, with 185 months of import activity and 124 months of export activity recorded.

The company’s website highlights its role as a supplier to the marine and construction industries, partnering with world-class manufacturers like Bennett Marine, Groco, and Rocna Anchors. It offers a wide range of products, from trim tabs and hatch lifters to safety equipment and propulsion systems, catering to both commercial and recreational boaters. The website also includes an online store, allowing customers to purchase products directly.

Financially, MCI shows a mixed picture. Cash reserves fell by 41%, dropping to £37,000, while bank borrowings increased by 2.6%, reaching £10,000. Creditors rose by 18%, reaching £580,000, but debtors also increased by 8.9%, reaching £250,000. Intangible assets decreased by 21%, and depreciation charges increased, suggesting ongoing investment in equipment. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity raises concerns. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Marine Components International appears to be navigating a period of change, balancing its established import/export business with its online retail presence. Whether the company can sustain its growth and profitability in a competitive market remains to be seen, but the strong product range and customer focus suggest a solid foundation.

Registered in England/Wales under the registration number 02547201, with a registered address at AL1 2HA, St. Albans, First Floor, New Barnes Mill, Cottonmill Lane.

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