Plymouth Marine Limited

Plymouth Marine Limited, based in Plymouth, UK, is a small, active company founded 22 years ago in 2003. With 12 employees and £1,661,871 in assets, it operates from a real address at Plymouth Marine Centre. The company is led by three directors, including Mallett Dennis, who also acts as the sole owner. It’s a solo founder operation, and the company regularly imports ships, boats, and floating structures, with 17 months of import activity recorded, the last in January 2025.

The company’s website highlights its role as a marine engineering dealership, offering sales, servicing, and repairs for a wide range of outboard and inboard engines, boats, and trailers. It’s a dealer for brands like Honda, Mercury, Yamaha, and Seadoo, and also provides RIB charter options and finance solutions. It seems to be operating in the other letting and operating of own or leased real estate industries.

Financially, Plymouth Marine Limited shows some concerning trends. Accumulated amortisation and depreciation increased, indicating a decrease in the value of its assets. Cash bank on hand plummeted 81% to £140,000, and net assets decreased by 29% to £1,000,000. Bank borrowings decreased by 22%, which is a positive sign, and creditors also decreased, suggesting improved debt management. Trade debtors increased by 18%, which could indicate delayed payments from customers. The company meets the criteria to be considered a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There is no auditor mentioned, which is typical for companies of this size.

Overall, Plymouth Marine Limited appears to be facing financial pressures, despite its established presence and diverse service offerings. Whether the company can maintain its current level of activity remains to be seen, but its focus on marine services and its wide range of products and services could help it weather the storm.

Registered in England/Wales under the registration number 04661601, with a registered address at PL9 7HP, England, Plymouth, Plymouth Marine Centre Pomphlett Quay, Billacombe Road.

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