Marine Testing Solutions Ltd

Marine Testing Solutions Ltd, based in Littlehampton, UK, is a small, active family business founded twelve years ago. With five employees and £231,763 in assets, the company operates from a real address and is overseen by three directors and two owners. It’s been importing and exporting optical and medical tools and devices for 33 and 81 months respectively, demonstrating a consistent trading pattern. The company’s activities fall under the broader category of other business support service activities n.e.c.

While the company's website is not available, the financial data paints a mixed picture. Current assets have decreased by 19% to £230,000, and net assets have fallen by a significant 440% to -£31,000. Bank borrowings have remained steady at £10,000, but cash reserves have dropped by 26% to £8,700. Creditors have also decreased, suggesting some improvement in debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The most concerning trend is the sharp decline in equity, which could indicate losses or increased borrowing. Trade debtors have also fallen by 40%, which might be a positive sign of improved collections, or a sign of reduced sales. The lack of an auditor mentioned (likely exempt due to its small size) means these figures are unaudited. Overall, Marine Testing Solutions Ltd appears to be navigating a challenging financial environment, though its consistent import/export activity suggests ongoing business operations.

Registered in England/Wales under the registration number 08270644, with a registered address at BN16 3TT, Littlehampton, West Sussex, 7 Barwick Close, Rustington.

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