Ocean Engineering Solutions Ltd

Ocean Engineering Solutions Ltd, based in Blackburn, UK, is a small, family business with an active status. Founded sixteen years ago in 2008, it employs six people and holds £396,136 in assets. The company has a real registered address and is managed by two directors and four owners. It boasts a perfect 5.0 Google rating from two reviews. They are an irregular importer, with Machinery, boilers, and mechanical appliances; parts being their top import category, with the latest activity recorded two months ago in June 2024.

The company’s website highlights its role as a “UK’s Leading Supplier of Bearings,” offering a comprehensive Maintenance, Repair, Overhaul, and Supply (MROS) service. They specialize in manufacturing TrolliesDollies for various industries, particularly the food sector, and maintain a warehouse in Blackburn holding over 10,000 product lines available for same-day delivery. They also offer custom engineering, environmental shelters, and general welding services. The website also mentions stocking bearings, couplings, pulleys, belts, and more.

Financially, Ocean Engineering Solutions Ltd presents a mixed picture. Cash bank on hand decreased by 21% to £89,000, while current assets rose by 12% to £400,000. However, creditors increased by 41% to £140,000, and net assets declined by 5.8% to £280,000. Bank borrowings are up, and there’s been a significant increase in other debtors. The company meets the criteria for a small business—with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—and is exempt from an audit. The company’s accounts are unaudited.

Despite the decrease in equity, Ocean Engineering Solutions Ltd appears to be holding its own, with growing current assets. The increase in creditors suggests they may be expanding their operations and taking on more credit, but it's something to keep an eye on. It’s a solid, family-run business that seems to be doing well, providing essential engineering products and services to a range of industries.

Registered in England/Wales under the registration number 06698026, with a registered address at BB1 5UD, Blackburn, Lancashire, Unit 6 Whitebirk Enterprise Centre, Lower Philips Road.

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