Marine Machine U.k. Limited

Marine Machine UK Ltd, based in Southampton, is a small, active company founded seven years ago. With seven employees and £488,623 in assets, it's a modest operation run by two directors and owners, with a solo founder at the helm. The company boasts a perfect 5.0 Google rating from a single review. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances—parts, with recent import activity in November 2023.

The company operates in the repair and maintenance of ships and boats, a specialized niche. While no website is listed, this suggests a business focused on direct client relationships rather than online sales.

Financially, Marine Machine UK Ltd presents a mixed picture. Cash reserves have grown substantially by 1200%, reaching £26,000, which is a positive sign. However, net assets have decreased by 38%, falling to £73,000—a significant drop. Bank borrowings have also increased, rising by 2.7% to £10,000. Creditors have increased by 40%, reaching £190,000, and trade debtors have fallen by 33%, dropping to £85,000. The company’s small size—meeting two of three conditions for being classified as small—helps with agility, but the decline in equity warrants closer attention. As a small company, it’s exempt from a full audit, so the financial data relies on unaudited director reports.

The company's success appears to hinge on its specialized services and reputation within the marine industry. Whether it can sustain growth and navigate the current financial pressures remains to be seen.

Registered in England/Wales under the registration number 11072369, with a registered address at SO14 3FE, England, Southampton, Unit 6 The Old Cattle Market, Terminus Terrace.

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