Marine Concepts Limited

Marine Concepts Ltd, based in Fareham, UK, is a small, holding company with an active status. Established 26 years ago in 1998, the company employs 83 people and holds £3,015,376 in assets. It has a real address, five directors, and one owner, and boasts a stellar 5.0 Google rating based on six reviews. The company is an irregular importer of iron or steel products, with just one month of imports recorded.

Marine Concepts is a GRP and advanced composites manufacturer, offering turnkey solutions from pattern and mould making to component build and finish. They work across various sectors, including marine and automotive, and have capabilities in pattern and mould creation, composite mouldings, painting, assembly, large component fabrication, and even prepreg work. The company utilizes advanced technologies like a FARO Laser Tracker and 5-axis CNC machining. Their website showcases past and present projects, highlighting their expertise and capabilities.

Financially, Marine Concepts Ltd shows some interesting trends. Accumulated depreciation on property, plant, and equipment has increased by 32%, while plant machinery depreciation has completely disappeared. The number of employees has decreased by 23%, dropping to 64. Creditors have fallen by 33%, which is a positive sign, but cash reserves have only increased by 29%. Trade debtors have risen by 22%, which could indicate a reliance on customer payments. Equity has grown significantly by 62%, suggesting a strong financial position. Despite this, bank borrowings have increased by a staggering 160%. The company meets the criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is common for small companies.

Overall, Marine Concepts Ltd appears to be a well-regarded company with a strong reputation. While the increase in bank borrowings is something to keep an eye on, the company’s solid asset base and growing equity suggest a stable foundation.

Registered in England/Wales under the registration number 03581070, with a registered address at PO14 4AR, Fareham, Hampshire, Venture House The Tanneries, East Street, Titchfield.

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