Skinner Marine Services Limited

Skinner Marine Services Ltd, based in Wearfield, Sunderland, is a small, active company founded eighteen years ago. With just two employees and £319,308 in assets, it’s a solo-founded operation led by a single director and owner. The company regularly imports machinery, boilers, and mechanical appliances, parts, with 63 months of import activity recorded, the latest in February 2025.

The company’s website reveals a business specializing in marine engineering supplies, manufacturing, and engineering. It offers a range of products including vent heads, valves, hatches, fittings, steel and aluminium doors, and GRP doors. Skinner Marine also acts as a UK and Ireland agent for several European manufacturers, emphasizing quality and customer care. The website highlights ISO 9001 2015 certification, demonstrating a commitment to quality standards. It also features a blog with news and product updates, reinforcing its position as a specialist in the marine supply industry.

Financially, Skinner Marine Services Ltd shows a mixed picture. Cash reserves have seen a significant boost, jumping 380% to £170,000, a positive sign of improved liquidity. However, creditors have increased dramatically, rising 270% to £240,000, suggesting potential challenges in managing short-term debt. Trade debtors have also increased by 46%, which could be related to increased sales but also indicates a need to monitor customer payments. Despite these challenges, net assets have grown by 22% to £62,000. 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 liabilities warrants close attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Skinner Marine Services Ltd appears to be navigating a period of growth, but it’s important to monitor its debt levels and ensure sustainable financial management.

Registered in England/Wales under the registration number 06085126, with a registered address at SR5 2TA, Wearfield, Sunderland Ent Pk, Sunderland, Unit 18-19, Business & Innovation Centre.

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