Mps Energy Limited

Mps Energy Limited is a small, active company based in Ipswich, UK, founded nine years ago in 2016. It employs eleven people and holds £266,342 in assets. The company operates from a virtual address – registered at 80 Compair Crescent, with 278 other companies registered at the same location – and is managed by two directors and two owners. Mps Energy Limited is an irregular importer, primarily dealing in optical and medical tools and devices, with just two months of import activity recorded as of November 2022. The company’s website reveals it’s redefining offshore wind power, focusing on deepwater solutions and modular technology.

Marine Power Systems, the brand behind Mps Energy, is taking offshore wind further by setting the industry standard for the deployment of deepwater offshore wind. It's a solution built for the future. The company has a shallow draft and multiple launch options, unlocking a distributed port model, cutting bottlenecks and streamlining deployment. The company’s website features news about funding from The Crown Estate and partnerships with various organizations.

Financially, Mps Energy Limited shows a mixed picture. Current assets increased by 15% to £270,000, but net assets plummeted 29% to £86,000. Bank borrowings increased significantly, by 76%, reaching £18,000, while cash reserves dwindled to just £160. Creditors rose by a substantial 88%, reaching £170,000, and trade debtors increased by 46%, reaching £250,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. The company’s accounts are unaudited, and no auditor is mentioned.

The significant increase in bank borrowings and the decrease in cash reserves suggest the company is burning through money. While the offshore wind technology seems promising, the financial data indicates potential management challenges. The company's reliance on bank borrowings could be a concern if it doesn't secure further funding or improve its revenue generation.

Registered in England/Wales under the registration number 10077975, with a registered address at IP2 0EH, United Kingdom, Ipswich, Suffolk, 80 Compair Crescent.

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