Seawork Marine Services Limited

Seawork Marine Services Ltd from Eastleigh UK: a small, active company founded 31 years ago, employs three people, and holds £445,014 in assets. It has a real address, two directors, and one owner. The company regularly imports electrical machinery and equipment, with four months of import activity recorded.

The company operates in the other business support service activities n.e.c. industries, offering a range of services including inspection, testing, equipment supply, confined space work, marine waterway operations, salvage, marine construction, and commercial diving. Its website highlights 32 years of experience and a focus on setting high standards in marine services, with a team trained to handle complex underwater projects. It also boasts a blog featuring recent project updates, such as anti-vortex plate installations and valve plate replacements. The company’s clients include major names like Exxon Mobil and Westminster Dredging.

Financially, Seawork Marine Services Ltd shows a mixed picture. While current assets are up slightly to £450,000, cash reserves have fallen by 14% to £320,000. Debtors have increased significantly by 70% to £130,000, which could indicate increased sales but also potential payment delays. Creditors have also risen, although at a more modest 4.1% to £88,000. Property, plant, and equipment have decreased by 20%, suggesting a potential need for investment or asset disposal. The company’s small size (meeting two of three conditions for being classified as small) helps it remain flexible, but the decrease in cash reserves and increase in debtors warrants closer monitoring. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Seawork Marine Services Ltd appears to be a stable, long-standing business, but its financial health needs to be watched closely. The company’s expertise in commercial diving and marine operations, combined with its established client base, provides a solid foundation for future growth, though the rising debt levels are something to keep an eye on.

Registered in England/Wales under the registration number 02839092, with a registered address at SO53 2GA, Eastleigh, Hampshire, 24 Central Precinct, Winchester Road, Chandlers Ford.

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