Marlin Marine Engineering Ltd

Marlin Marine Engineering Ltd, based in Southampton, UK, is a small, active company founded eleven years ago. With six employees and £244,243 in assets, it's a solo-founded operation led by a single director and owner. The company operates as a regular exporter of machinery, boilers, and mechanical appliances, with 82 months of export activity recorded—the latest in November 1994. It also imports machinery parts, though less frequently, with just two months of import activity.

The company's website reveals a broader scope of services. Marlin Marine Services, operating from Port Adriano, Mallorca, provides yacht engineering, maintenance, and brokerage services. It’s a well-established business, having been in operation since 1996, with a focus on high-end yacht care, including full refits, electronics engineering, and even sales of yachts and moorings. The website highlights a strong customer base, with testimonials praising the team’s expertise and responsiveness.

Financially, Marlin Marine Engineering Ltd presents a mixed picture. While net assets increased by 20% to £840,000, current assets decreased by 34% to £240,000. Trade debtors fell by 69%, suggesting improved collection efforts, but creditors increased significantly, by 140% to £400,000—a potential concern. Bank borrowings also increased, and cash reserves declined. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the rise in creditors and decrease in cash warrants closer attention. The absence of an auditor, likely due to its small size, means the figures are unaudited.

Overall, Marlin Marine Engineering Ltd appears to be a well-established business with a strong reputation in the yacht services sector. However, the financial data suggests it's burning through cash, and the rise in creditors could pose a challenge in the coming months.

Registered in England/Wales under the registration number 08691888, with a registered address at SO14 5QH, Southampton, Unit 4 William Street.

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