Ocean Farm Services Ltd

Ocean Farm Services Ltd, based in Lerwick, UK, is a sizable company operating as a holding entity with an active status. Established six years ago in July 2018, the company employs sixty-three people and holds assets totaling £2,257,488. It has a real address at Unit 8 Arlanda Yard, Gremista, Shetland, and is overseen by four directors and two owners. The firm regularly imports machinery, boilers, and mechanical appliances, parts, with nineteen months of import activity, and exports electrical machinery and equipment, with eight months of export activity.

The company's operations focus on sea and coastal freight water transport, positioning it within a specialized sector. It’s a private limited company registered in Scotland with the registration number SC602358. Aurora Marine Ltd and North Isles Marine Ltd are the owners. The company's directors are Leask Valerie Christina, Clark Marianne Louise, Leask Colin Andrew, and Clark Gilbert Ian.

Financially, Ocean Farm Services Ltd presents a mixed picture. While current assets increased by 54% to £2,300,000, net assets decreased by 39% to -£1,000,000. Bank borrowings surged by 67% to £17,000,000, and cash reserves declined by 89% to -£72,000. Creditors increased by 28% to £820,000, and trade debtors increased by 50% to £1,300,000. The company’s size classifies it as large, meeting two of three criteria: turnover exceeding £36 million, balance sheet total exceeding £18 million, and more than 250 employees. The increase in bank borrowings and decrease in cash reserves, combined with the negative net assets, suggest the company is burning through cash, possibly to fuel growth or cover operational costs. The lack of an auditor mentioned in the report implies the financial statements are unaudited. The company’s reliance on external funding, as evidenced by the increased borrowings, could pose a risk if future revenue streams don’t materialize as expected.

Registered in Scotland under the registration number SC602358, with a registered address at ZE1 0PX, Scotland, Lerwick, Shetland, Unit 8 Arlanda Yard, Gremista.

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