Nrg Marine Ltd

Nrg Marine Ltd, based in Coventry, UK, is a small, active company founded fifteen years ago in 2009. With seven employees and £1,953,325 in assets, it operates from a real address and is managed by two directors, although there are no officially listed owners. The company regularly exports electrical machinery and equipment—seventy-one months of export activity recorded—but has only imported goods for five months, with its top import category being none.

The company's core business revolves around ultrasonic antifouling technology, as evidenced by its website. Nrg Marine develops and markets Sonihull, an environmentally friendly solution against marine biofouling. The website highlights the technology's cost benefits and its application in various sectors, including industrial settings. It even features testimonials from satisfied customers, some of whom have seen significant reductions in biofouling on their vessels. The company's website also mentions a partnership with NRG Marine General Trading LLC, based in the UAE.

Financially, Nrg Marine Ltd shows some concerning trends. Accumulated depreciation has risen, particularly for computer equipment, while specific advances to directors have decreased significantly. Bank borrowings have also decreased, and cash reserves have increased substantially. Creditors have increased, and trade debtors have also increased. The company's small size (meeting two of three conditions for a small company) helps it stay agile, but the rise in creditors and the decrease in specific advances to directors suggests potential cash flow challenges. The company’s net assets have also decreased. There is no mention of an auditor, which is common for small companies.

Overall, Nrg Marine Ltd appears to be a niche player in the antifouling technology market, but its financial performance warrants close monitoring.

Registered in England/Wales under the registration number 07070394, with a registered address at CV4 8HX, Coventry, West Midlands, 1&2 Mercia Village Torwood Close, Westwood Business Park.

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