Qed Naval Ltd

Qed Naval Ltd from Edinburgh UK: small company, active status, founded 17 years ago, 7 employees, £911,417 assets, real address, 3 directors, no owners. Irregular importer of electrical machinery and equipment (2 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the other professional, scientific and technical activities n.e.c. industries.

Qed Naval Ltd focuses on enabling tidal energy to compete on cost, leveraging disruptive technology to integrate into the renewable energy mix. Its website highlights the importance of tidal energy, particularly in the UK, and showcases its subhub technology, Tocardo tidal turbines, and various projects like the Mor Energy OTP project and the Sound of Islay SMART RD project. The company's vision is to promote clean oceans and have a tangible impact on climate change. It's a small operation with a big ambition.

Financially, Qed Naval Ltd has experienced some turbulence. Current assets have decreased by 15% to £910,000, while net assets have fallen by 12% to £820,000. Bank borrowings have increased significantly by 54%, reaching £240,000, and cash reserves have plummeted 98% to just £13,000. The company’s creditors have also increased by 120%, reaching £310,000. Despite these challenges, the company’s turnover has increased by 12%, reaching £38,000. The company’s workforce has also increased by 29%, reaching nine employees. With no auditor mentioned, the figures are unaudited.

These changes could be attributed to increased investment in projects and technology, or perhaps a temporary dip in sales. The company's irregular import activity, with its top category being electrical machinery and equipment, suggests a focus on specialized components for its tidal energy solutions. The lack of owners reported, while not uncommon for small companies, could also be a factor in its financial structure.

Registered in Scotland under the registration number SC339873, with a registered address at EH2 3AH, United Kingdom, Edinburgh, 2nd Floor Office (2/4) 11 Castle Street.

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