Portland Port Limited

Portland Port Limited, based in Portland, UK, is a sizable company with an active status, celebrating 29 years since its founding. Employing 29 people and boasting assets of £9,972,263, the port generates a yearly revenue of £13,806,960. Five directors manage the company, which currently has no registered owners – a somewhat unusual situation. The company enjoys a stellar 5.0 Google rating based on three reviews. It’s an irregular exporter, primarily dealing with clothing and accessories (not knitted or crocheted), with just one month of export activity recorded.

Portland Port operates as a vital hub for maritime activities, offering a wide range of services to visiting vessels and customers. Its website highlights capabilities for cargo handling, cruise operations, and marine services. The port actively promotes itself as an ideal location for onshore and offshore activities, with easy access from the English Channel. It also caters to leisure activities, offering facilities for diving, fishing, and other water sports.

Financially, Portland Port Limited shows a mixed picture. While assets increased by 14%, bank borrowings surged by a staggering 800%, reaching £8 million. This suggests a significant increase in debt financing, potentially for infrastructure improvements or expansion projects. Cash and cash equivalents also saw a substantial rise, up 150%, indicating strong cash flow generation. However, deferred tax liabilities increased by 79%, which could signal changes in tax planning or accounting practices. The company’s size—meeting two of three conditions for a large company—is reflected in its substantial revenue and asset base. No auditor is mentioned, likely due to the company’s exemption status.

The company's irregular export activity, with a single month of clothing and accessory exports, suggests a focus on domestic operations and port-related services. The lack of registered owners, while not necessarily a negative, could indicate a complex ownership structure or a family-run business model. Overall, Portland Port Limited appears to be a financially stable port operator, although the increased debt levels warrant close monitoring.

Registered in England/Wales under the registration number 03158010, with a registered address at DT5 1PP, United Kingdom, Portland, Dorset, Port Office, Portland Port, Castletown.

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