Star Engineering Limited

Star Engineering Ltd, based in Birkenhead, UK, is a small, active company founded nineteen years ago in 2005. Employing thirty-six people, it holds assets valued at £2,846,986, and operates from a real address. With three directors and three owners, the company is a regular importer and exporter of ships, boats, and floating structures, having imported for twenty months and exported for twelve.

The company's website, Star International Marine Offshore Services, paints a picture of a comprehensive marine equipment supplier. It's not an e-commerce site in the traditional sense; instead, it serves as a detailed catalog and information hub. Visitors can browse a wide range of products and services, including firefighting equipment, chemicals, refrigeration solutions, first aid supplies, and even work and rescue boats. The site emphasizes technical expertise and offers inspection, servicing, and calibration services, catering to a global customer base including cruise lines, shipping companies, and military organisations. There's a strong focus on partnerships and accreditations, showcasing the company’s commitment to quality and compliance.

Financially, Star Engineering Ltd presents a mixed picture. While bank cash increased significantly by 300% to £1,300,000, current assets remained steady at £2,800,000. However, net assets grew by 20% to £2,100,000, and trade debtors fell by a substantial 67% to £520,000 – a concerning trend that could indicate payment difficulties with customers. Creditors decreased by 9.3%, suggesting improved debt management, but increased borrowings by 2,400% to £29,000. The company meets the criteria for being a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The absence of an auditor is likely due to its small size, meaning the financial statements are unaudited.

Overall, Star Engineering Ltd seems to be navigating a period of change. The increase in cash reserves is positive, but the decline in trade debtors warrants close attention. The company's established reputation and broad range of services should help it weather any short-term challenges, but maintaining a healthy cash flow will be crucial for sustained success.

Registered in England/Wales under the registration number 05607391, with a registered address at CH41 9BA, United Kingdom, Birkenhead, Star House Turbine Business Park, Turbine Road.

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