My Marine Ltd

My Marine Ltd, based in Fareham, UK, is a small, family-run business with an active status, having been founded ten years ago in 2015. The company employs just two people and holds £62,939 in assets. With three directors and two owners, it operates from a real address and enjoys a perfect 5.0 Google rating based on two reviews. My Marine Ltd is an irregular importer, specializing in railway and tramway vehicles and parts, with just one month of import activity recorded as of August 2022.

The company’s website, MMS, positions itself as a leading supplier to the marine and offshore industries, offering a wide range of instrumentation, machinery, and spares. It caters to various areas, including engine rooms, bearings, hydraulics, and deck equipment, boasting an extensive catalog of brands. The website emphasizes customer service, problem-solving, and a commitment to helping clients move forward. It's a place where you can find everything from fire gas detection to refrigeration spares.

Financially, My Marine Ltd presents a mixed picture. Cash bank holdings increased by a significant 80%, reaching £53,000, while current assets also grew by 20% to £63,000. However, trade debtors experienced a sharp decline of 77%, dropping to just £3,800, which could indicate challenges in collecting payments. Equity decreased by 5.7%, settling at £35,000, and creditors rose by 62%, reaching £31,000. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the drop in equity warrants closer attention. No auditor is mentioned, consistent with its status as a small, exempt company.

Overall, My Marine Ltd appears to be navigating a period of change. While cash flow is healthy, the decrease in debtors and equity suggests potential pressures. The company's focus on customer service and its niche market position should help it weather these challenges, but careful management will be crucial for sustained success.

Registered in England/Wales under the registration number 09518984, with a registered address at PO15 7LG, England, Fareham, Hampshire, 41 Saffron Way Whiteley.

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