Saab Seaeye Limited

Saab Seaeye Ltd, based in Fareham, UK, is a large, active company founded 38 years ago, in 1986. With 148 employees and £23.1 million in assets, it generates £27.9 million in revenue annually. The company, managed by six directors and owned by Saab Uk Ltd, holds a stellar 5.0 Google rating from six reviews. It’s a regular importer and exporter of electrical machinery and equipment, with 558 months of import activity and 1433 months of export activity recorded.

The company specializes in the manufacture of underwater robotics, particularly electric underwater vehicles. Its website highlights its sectors, including oil & gas, renewable energy, telecoms, and aquaculture, showcasing a global reach. It offers a range of solutions, from underwater vehicles to deployment systems, and provides support services like product support and training. Recent news items on the website detail successful water trials for its SR20 eWROV and orders for its CougarXTi ROV, indicating ongoing innovation and demand for its products.

Financially, Saab Seaeye Ltd presents a mixed picture. While its assets remain substantial at £23.1 million, accrued liabilities and deferred income increased by 52%, suggesting a need to manage short-term financial obligations. Accumulated amortisation and impairment of intangible assets also rose, reflecting ongoing investment in development costs. However, bank borrowings increased significantly, reaching £520,000, which could be a response to increased operational expenses or investments. Despite this, the company's turnover increased by 17% to £28 million, indicating strong demand for its products. The lack of a significant drop in cash reserves, currently at £760,000, suggests the company is still financially stable. The company’s audit firm, Hopper Williams & Bell Limited, has confirmed the figures.

Registered in England/Wales under the registration number 02022671, with a registered address at PO15 5RL, England, Fareham, Hampshire, Trilogy 1 Concorde Way.

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