Marine Department Ltd

Marine Department Ltd, based in Leighton Buzzard, UK, is a small, active company founded six years ago in 2018. Employing just two people and boasting a real registered address, it’s a solo-founded operation overseen by two directors and a single owner. The company is classified as an irregular importer, primarily dealing with electrical machinery and equipment, with just one month of import activity recorded as of May 2024.

The company’s website reveals a specialized service: underwater filming, diving logistics, and safety solutions. Marine Department Ltd caters to the performing arts industries, coordinating everything from single artists in the water to large-scale marine sequences involving vessels, people, and locations. They emphasize seamless logistics and work closely with all departments to ensure smooth production. They even offer artist training and the option to sink entire sets underwater. The company is registered in London, and the website is designed and developed by Luke Tom.

Financially, Marine Department Ltd presents a mixed picture. Cash bank on hand dropped by 8% to £160,000, while creditors surged by 52% to £110,000—a significant jump. Trade debtors remained steady at £130,000. On the positive side, equity increased by 17% to £580,000, and property, plant, and equipment grew by 51% to £480,000, likely reflecting investments in commercial motor vehicles, plant machinery, and tools. The company meets two of three conditions for being a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The accounts are audit exempt with an accountants report, and the financial statements were authorised for issue on August 23, 2024.

While the company’s asset base has grown, the increase in creditors suggests it’s perhaps burning through cash a little faster than it’s bringing in revenue. The growth in property, plant, and equipment could indicate expansion or modernization of its equipment, but the lack of employees—just two reported—hints at a lean operation relying on efficiency and outsourcing. It’s unclear if the company is financially healthy, but it’s clear that the company is holding steady.

Registered in England/Wales under the registration number 11701755, with a registered address at LU7 0EE, England, Leighton Buzzard, Bedfordshire, Cherry Tree Barn, Bragenham Lane.

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