Repower Marine Limited

Repower Marine Limited, based in Penryn, UK, is a small, active company established 14 years ago. With nine employees and £522,287 in assets, it operates from a real address and is led by two directors and a single owner. The company runs an e-commerce site specializing in marine engine parts and accessories. It’s a regular importer of machinery, boilers, and mechanical appliances, with 119 months of import activity recorded, the latest in December 2024. Export activity is irregular, with just one month of exports in December 2024, also focused on machinery and parts.

The company's website, Repower Marine, caters to the marine industry, offering a wide range of parts for Mercruiser, Volvo Penta, Indmar, PCM, OMC, Yanmar, and other engine brands. It even offers parts for high-end pianos, hinting at a connection to the 1066 sales business. The site provides a parts finder tool and emphasizes expert support, targeting both trade customers and individual boat owners.

Financially, Repower Marine Limited presents a mixed picture. Cash reserves increased significantly by 120% to £340,000, a positive sign of improved liquidity. However, creditors rose by 44% to £250,000, suggesting increased short-term debt obligations. Net assets grew by 14% to £760,000, but trade debtors increased by 1.3% to £160,000, which could indicate some challenges in collecting payments. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in debt warrants attention. No auditor is mentioned, which is typical for a small, exempt company. The company’s financial statements are unaudited.

Registered in England/Wales under the registration number 07613007, with a registered address at TR10 8AB, Penryn, Cornwall, Marine Unit 1 Falmouth Road, Ponsharden.

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