Marine Jet Power Limited

Marine Jet Power Ltd, based in Cheltenham, UK, is a small holding company with an active status, having been founded 28 years ago in 1996. The company employs just two people and holds £1,375,956 in assets. It operates from a virtual address, registered with 26 other companies, and is managed by two directors and one owner. While it occasionally imports railway and tramway vehicles and parts (for one month in 2016), its primary focus is exporting machinery, boilers, and mechanical appliances (for eleven months, last in 2016).

The company’s website is non-existent, which makes it difficult to determine exactly what they do. However, the financial data suggests the company operates in the manufacture of other special-purpose machinery.

Financially, Marine Jet Power Ltd shows some concerning trends. While cash bank on hand increased by 40% to £34,000, net assets decreased by 2.7% to -£630,000. Accumulated depreciation and impairment for property, plant, and equipment also increased, though not dramatically. The average number of employees decreased by 50% to just one person. Bank borrowings remained stable, and creditors also remained stable.

The company’s small size (meeting two of three conditions for a small company) helps it stay nimble, but the decrease in equity raises questions. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. Overall, Marine Jet Power Ltd appears to be facing financial pressures, though it's difficult to say if it's a temporary setback or a longer-term challenge.

Registered in England/Wales under the registration number 03239600, with a registered address at GL51 6TQ, England, Cheltenham, Midway House, Staverton Technology Park Herrick Way, Staverton.

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