Seabase Limited

Seabase Limited, based in Newquay, UK, is a small, active company established 30 years ago in 1995. With five employees and £665,170 in assets, it operates from a real address within the Treloggan Industrial Estate. Two directors and two owners (though the list may not be exhaustive) manage the business, which has a long history of importing and exporting toys, games, and sports equipment—56 months of imports and 15 months of exports recorded. The company’s website reveals a different side to its operations, focusing on providing personnel solutions, logistical support, and crew management services to the offshore industry.

Beyond the retail of toys and games, Seabase Limited’s core business revolves around supporting maritime operations. Its website details services including crewing, vessel crew management, catering, accommodation, logistical support, background checks, and even offshore training coordination. It caters to a wide range of maritime activities, from supply vessels to FPSOs, and even provides shore-based personnel upon request. The company seems to be targeting a specialized niche, emphasizing expertise and comprehensive support.

Financially, Seabase Limited’s recent performance presents a mixed picture. Current assets have fallen by 13% to £670,000, while net assets have plummeted 77% to just £57,000. Bank borrowings have decreased slightly, but cash reserves have taken a significant hit, dropping 67% to £23,000. Creditors have also decreased, which could indicate better debt management. The company’s small size (meeting two of three conditions for being classified as small) allows for flexibility, but the sharp decline in equity raises concerns. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Seabase Limited seems to be navigating a challenging financial climate. While its offshore services business appears to be thriving, the retail side is facing pressures. Whether the two sides can sustain each other remains to be seen, but the company’s long history and specialized expertise suggest it’s well-positioned to weather the storm.

Registered in England/Wales under the registration number 03036364, with a registered address at TR7 2SX, England, Newquay, Conrwall, 7 Seabase Units, Treloggan Industrial Estate.

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