Seatech Holdings Limited

Seatech Holdings Limited is a small, active company based in Southampton, UK, founded seventeen years ago in 2008. With just one employee and £943,738 in assets, it operates as a family business with three directors and two owners. The company’s status is active. It’s a real address, and the business is registered at Unit 14 Bottings Industrial Estate. Seatech Holdings is an irregular importer, primarily dealing with optical and medical tools and devices, with the last import operation occurring in February 2023. The company provides other business support service activities n.e.c. industries.

The company’s website highlights a completely different operation: marine construction services. SeaTech provides a wide range of services, including desalination plants, dredging, pipe installation, salvage, ROV operations, underwater welding, and ship repair. It caters to clients in the oil, gas, and offshore sectors, with projects ranging from vessel salvage to concrete plug installations. The website showcases a highly specialized business, emphasizing expertise, innovation, and international standards. It's clear that the company is not just importing tools; it's providing complex engineering and diving solutions.

Financially, Seatech Holdings Limited presents a mixed picture. Current assets have increased significantly, jumping 91% to £940,000, while net assets have also seen a substantial rise of 64%, reaching £1.6 million. However, bank borrowings have decreased by 19%, falling to £81,000. Creditors have increased dramatically, rising 190% to £370,000. Trade debtors have exploded, increasing by 16,000% to £110,000. 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 flexibility, but the increase in creditors suggests a need to manage cash flow. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Seatech Holdings Limited appears to be a growing business with a diversified range of services. While the financials show some challenges, the company’s specialized expertise and strong online presence suggest a promising future. It's a company that's clearly doing more than just importing goods; it's building a reputation for providing high-value marine construction solutions.

Registered in England/Wales under the registration number 06462045, with a registered address at SO30 2DY, Southampton, Hampshire, Unit 14 Bottings Industrial Estate, Hillsons Road, Curdridge.

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