Marine Enterprises Ltd

Marine Enterprises Ltd, based in Dorchester, UK, is a small holding company with an active status. Founded eighteen years ago in 2006, the company employs just one person and holds £821,143 in assets, though its registered address is likely a virtual one, shared by 121 other companies. It’s managed by one director and has two owners, although the full list of owners isn’s exhaustive.

The company’s primary activities involve importing and exporting machinery, boilers, and mechanical appliances, including parts. It’s a regular importer, with 26 months of import activity recorded, and a regular exporter, with 125 months of export activity. Its website showcases a focus on marine diesel engines, generators, and transmissions, with a particular emphasis on restoration and supply of parts. It seems to be a wholesale business, with a focus on retail via mail order and internet sales.

Financially, Marine Enterprises Ltd’s performance presents a mixed picture. Current assets decreased by 4.9% to £820,000, while net assets fell 7.6% to £480,000. Bank borrowings surged by 11%, reaching £43,000, and cash reserves dropped 35% to £30,000. Creditors increased by 22%, suggesting a reliance on trade credit. 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 drop in equity is something to keep an eye on. With no auditor mentioned, the figures are unaudited.

The company’s focus on niche marine equipment, coupled with its export activities, suggests a targeted business model. However, the financial data indicates a need to manage cash flow and maintain a strong balance sheet to ensure long-term sustainability.

Registered in England/Wales under the registration number 06012813, with a registered address at DT1 1RX, England, Dorchester, Dorset, 24 Cornwall Road.

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