Marineco Limited

Marineco Ltd from Saltash UK: a small holding company with an active status, was founded twelve years ago in 2012. It employs five people and holds £2,098,802 in assets, boasting a perfect 5.0 Google rating based on three reviews. The company regularly imports textile padding, felt, and nonwoven fabrics, special yarns, ropes, and cables – a total of fifty months of import activity, with the latest operation in February 2025. It also exports iron or steel products, albeit irregularly, with just two months of export activity, the last in February 2022.

The company operates in the marine fishing industries, and is a holding company. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company is owned by Fishermans Mutual Association Eyemouth Ltd, and is managed by three directors: Rosie Craig Norman, Bryan Brown Thomas, and Dinham Christopher Joseph.

Financially, Marineco Ltd’s current assets increased by 12% to £2.1 million, while net assets grew by 3.1% to £2.4 million. Cash reserves saw a significant boost, jumping 100% to £900,000. However, creditors also increased by 54% to £450,000, and bank borrowings surged by 100% to £190,000. The company’s dividend declared payable also increased by 100% to £190,000. The company’s net losses deepened from -£10,000 to -£23,000, while trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms. The lack of employees (zero reported) hints at a lean, possibly solo operation. With no auditor mentioned (exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Marineco Ltd appears to be a stable, albeit small, business, but the increase in creditors and bank borrowings suggests it may be relying on credit to maintain operations.

Registered in England/Wales under the registration number 08343440, with a registered address at PL12 6LF, Saltash, Cornwall, Marineco House Gilston Road, Saltash Industrial Estate.

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