Resolution Marine Ltd

Resolution Marine Ltd, based in Rochford, UK, is a small, active company founded nine years ago. With two employees and £191,254 in assets, it operates from a virtual address shared by twelve other companies. The company is run by three directors and owned by Austin James and Logan Paul. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with recent activity recorded two months ago.

The company’s website highlights its expertise in marine electrical and electronic services, offering design, installation, maintenance, and commissioning. They cater to both commercial and leisure clients, working on new builds, maintenance contracts, and assisting boat owners. The site projects a professional image, emphasizing reliability, timely delivery, and budget adherence—a common theme for businesses targeting a specialist market.

Financially, Resolution Marine Ltd presents a mixed picture. While cash reserves increased by a significant 140% to £190,000, indicating improved liquidity, trade debtors plummeted by an astonishing 99%, leaving just £640. This could be a positive sign of faster payments or a concerning trend of lost business. Property, plant, and equipment decreased by 33%, suggesting asset disposal or depreciation. Net assets grew by 6.6% to £110,000, but the sharp drop in debtors warrants further investigation. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the fluctuating debtors could be a cause for concern. No auditor is mentioned, consistent with its status as a small, exempt company.

Overall, Resolution Marine Ltd seems to be navigating a period of change. The increase in cash is encouraging, but the sudden drop in debtors suggests a potential challenge that the company will need to address to maintain financial stability.

Registered in England/Wales under the registration number 10002992, with a registered address at SS4 1ND, England, Rochford, Unit 11 Mansfield Accounting Limited, Purdeys Way.

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