Seafield Navigation Ltd

Seafield Navigation Ltd is a small, active company based in Fraserburgh, UK, founded fourteen years ago in 2011. With six employees and £221,315 in assets, it operates from a real address and is overseen by four directors and one owner. The company is an irregular importer, primarily dealing with optical and medical tools and devices, with its last import activity recorded over five years ago in 2019.

The company’s website reveals a focus on navigational charting and 3D mapping applications, catering to the fishing, marine science, and renewable energy sectors. It offers a range of software solutions, including TurboWin, SoloWin, EasyWin, MiniECDIS, and NOTUS, each designed for specific needs within these industries. The website highlights the company’s expertise in software plotting and navigation, applying it to improve productivity across these fields. It seems they have a showroom in Harrods, London.

Financially, Seafield Navigation Ltd presents a mixed picture. Current assets decreased by 9.5% to £220,000, while net assets experienced a significant drop of 31%, settling at £86,000. Bank borrowings increased by 14%, reaching £150,000, and cash reserves fell 4.4% to £140,000. Creditors also increased by 14%, suggesting potential challenges in managing short-term liabilities. 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 decline in equity raises concerns. No auditor is mentioned, indicating likely exemption as a small company, and the figures are unaudited.

Overall, Seafield Navigation Ltd appears to be navigating a period of financial pressure, despite its specialized software solutions and established presence in niche markets. The company is holding steady but facing pressures.

Registered in Scotland under the registration number SC391670, with a registered address at AB43 9PJ, Fraserburgh, Aberdeenshire, 33 Victoria Street.

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