Marine Diesel Services (scotland) Ltd

Marine Diesel Services (Scotland) Ltd, based in Muir Of Ord, UK, is a small, family-run business with an active status. Established 28 years ago, the company employs seven people and holds £356,437 in assets. It’s a real address with three directors and two owners—Davidson Alasdair Michael and Davidson Jean Methven—at the helm. The business regularly imports machinery, boilers, and mechanical appliances, parts, with 84 months of import activity recorded, and exports similar goods, with 25 months of export activity.

The company’s website highlights its expertise in marine diesel engine repair and maintenance. Founded in 1992 by Ally Davidson and his wife Jean, it initially served both the construction and marine industries. Recognizing the growing demand for marine services, they shifted focus and rebranded as Marine Diesel Services Scotland Ltd in 2000. The business has evolved to primarily servicing, repairing, and installing marine engines, gaining a reputation within the fishing boat industry throughout the UK. It also provides engine refits, major overhauls, supply of new and reconditioned engines, and routine maintenance. The company is clearly proud of its heritage, emphasizing family ownership and British craftsmanship.

Financially, Marine Diesel Services Scotland Ltd presents a mixed picture. Cash bank on hand increased significantly by 240% to £17,000, while current assets grew by 6% to £360,000. However, debtors decreased by 15% to £190,000, which could indicate challenges in collecting payments. Creditors remained relatively stable at £120,000. Net assets increased by 3.6% to £280,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the fluctuations in debtors and cash reserves warrant close monitoring. As a small company, it’s exempt from an audit, so the figures are unaudited. The company’s financial commitments, including advances to directors, have also seen changes, with both increases and decreases recorded. It seems like they are doing alright, but it would be good to see a more detailed report.

Registered in Scotland under the registration number SC172858, with a registered address at IV6 7UA, Muir Of Ord, Ross-Shire, Unit 5b Muir Of Ord Industrial Estate.

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