Outreach Offshore Limited

Outreach Offshore Ltd from Falkirk, UK, is a small holding company with an active status, founded seven years ago in 2017. The company employs 23 people and holds assets valued at £1,723,535. It operates from a real address and is overseen by four directors and one owner. Outreach Offshore is a regular importer and exporter of machinery, boilers, and mechanical appliances, with 174 months of import activity and 32 months of export activity recorded.

The company specializes in providing hydraulic lifting equipment solutions for offshore platforms, wind energy installations, shipbuilding, and marine sectors. Outreach Offshore offers a comprehensive range of services, including offshore and onshore support, original OEM parts, global maintenance and inspection, and operator training. Its website highlights a world-class range of products, including winches, marine cranes, offshore access systems, davits, pipe handlers, wind cranes, LARS control cabins, and stock cranes. The company emphasizes its commitment to providing engineered lifting solutions delivered on time and in accordance with customer requirements.

Financially, Outreach Offshore Ltd shows some interesting trends. Accumulated depreciation impairment for plant machinery decreased by 55%, while amounts owed to group undertakings vanished entirely, dropping 100%. Average employee numbers increased slightly by 4.3% to 24. Cash bank holdings remained relatively stable, growing just 0.79% to £910,000. Creditors remained consistent, and net current assets liabilities increased by 25% to £750,000. The company’s equity grew by 26% to £770,000, a positive sign, but future minimum lease payments increased by 41%, potentially impacting cash flow. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increased lease obligations are something to keep an eye on. As a small company, it’s likely exempt from an audit, so the financial data relies on unaudited statements.

Registered in Scotland under the registration number SC583152, with a registered address at FK2 9AR, Scotland, Falkirk, Abbots Road, Middlefield Industrial Estate.

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