Norwest Marine Limited

Norwest Marine Ltd, based in Liverpool, UK, is a small, active company founded 23 years ago. With seven employees and £1,049,332 in assets, it's a well-established player in the marine safety equipment sector. The company, boasting a perfect 5.0 Google rating from 13 reviews, operates from a real address and is managed by two directors and one owner. Regular importer of ships, boats, and floating structures, with 14 months of import activity recorded.

The company’s website highlights its core business: supplying, servicing, and hiring marine safety equipment. It's a one-stop shop for everything from SeaSafe liferafts and Mullion flotation suits to Ikaros Pyrotechnics and VHF marine radios. The site also features a dedicated section for liferaft hire, catering to various needs—from short-term rentals to longer-term solutions. It's clear the company is targeting both commercial and recreational users of the seas.

Financially, Norwest Marine Ltd shows some concerning trends. While average employees increased by 14%, cash reserves fell 0.92% to £140,000. Bank borrowings were significantly reduced by 52%, a positive sign, but creditors also decreased by 55%, suggesting a possible slowdown in sales. Net assets dropped 15% to £980,000. The company meets the criteria for a small company, with turnover under £10.2 million and assets under £5.1 million. No auditor is mentioned, meaning the financial statements are unaudited.

Overall, Norwest Marine Ltd appears to be a solid, well-regarded business, but the declining net assets and cash reserves suggest it’s facing some financial headwinds. Whether this is a temporary blip or a more persistent issue remains to be seen, but it’s something the company will need to address to ensure its long-term success.

Registered in England/Wales under the registration number 04254557, with a registered address at L5 9RJ, England, Liverpool, Merseyside, 43 Dunes Way.

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