Marinetronix Limited

Marinetronix Limited, based in Aberdeen, UK, is a small, active company founded 19 years ago. With just two employees and £806,533 in assets, it operates from a virtual address, a detail that’s a bit unusual given the number of companies registered at the same location – over 145. The business is led by three directors and owned by a solo founder, Lorimer David Simon. Regular imports and exports of optical and medical tools and devices have been recorded over the past 26 months (imports) and 10 months (exports).

The company’s website reveals a specialized focus on dynamic positioning systems. Marinetronix Limited isn’t a general retailer; it’s a specialist supplier and service provider for DP sensors, offering everything from spare parts and calibration to repair and rental. The site details products like Fanbeam, Taut Wire, and RadaScan, catering to the maritime industry. It seems the company’s core business revolves around servicing and supplying components for dynamic positioning systems, a niche area within the broader marine engineering sector. It’s a technical business, not a consumer-facing one.

Financially, Marinetronix Limited presents a mixed picture. While current assets increased by 7.8% to £810,000, net assets grew by 7.1% to £850,000. However, cash bank on hand decreased by 13% to £460,000. Trade debtors remained steady, but creditors increased slightly by 4.6% to £120,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in cash reserves could indicate a reliance on credit or a period of increased investment. No auditor is mentioned, consistent with its status as a small, exempt company. The increase in other inventories by 200% to £190,000 is also notable. It suggests the company may be stocking up on parts, perhaps anticipating future demand or dealing with supply chain issues.

Registered in Scotland under the registration number SC293752, with a registered address at AB10 1HA, Aberdeen, Johnstone House, 52-54 Rose Street.

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