Sleipner Motor Ltd

Sleipner Motor Ltd, based in Hampshire, UK, is a small, active company established twenty years ago. Employing eight people and boasting assets of £4,470,097, it operates from a real address and is overseen by three directors and a single owner. The company regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 248 months of import activity and 47 months of export activity recorded.

The company's website reveals a focus on marine thrusters and related equipment. Sleipner Motor Ltd designs, manufactures, and sells thrusters, stabilizers, and steering systems for leisure and professional boats. The site features detailed product information, technical specifications, and a dealer locator, showcasing a sophisticated operation. It’s clear that the company isn’s just a distributor, but a manufacturer as well.

Financially, Sleipner Motor Ltd presents a mixed picture. Current assets have decreased by 14%, falling to £4,500,000, while net assets have also declined slightly, to £3,500,000. Bank borrowings have increased significantly, reaching £29,000, and cash reserves have fallen by 60%, dropping to £500,000. However, trade debtors have decreased by 17%, suggesting improved collection practices. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the decline in cash reserves warrants attention. No auditor is mentioned, which is typical for small companies.

The company's focus on a niche market—marine thrusters—and its commitment to quality products are strengths. However, the financial figures suggest that Sleipner Motor Ltd is facing challenges in managing its cash flow. Whether these challenges are temporary or indicative of a longer-term trend remains to be seen.

Registered in England/Wales under the registration number 05276316, with a registered address at SO50 9PD, Hampshire, Fleming Court, Leigh Rd,, Eastleigh, Southampton.

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