Stone Marine Shipcare Limited

Stone Marine Shipcare Ltd, based in Dorchester, UK, is a small, active company with a remarkable 126-year history, founded in 1898. Employing just 12 people, the company holds assets valued at £1,703,727 and operates from a real address, overseen by seven directors—though no owners are officially listed. It maintains a perfect 5.0 Google rating based on a single review. The company is a regular exporter of machinery, boilers, and mechanical appliances, with five months of export activity, while its import activity is more sporadic, with just two months recorded.

The company’s website highlights its expertise in propeller repair and thruster maintenance, catering to both commercial vessels and private owners. Services range from blade repair and balancing to shaft straightening and specialist welding, with partnerships established with Nakashima Propeller Co. and Datum Electronics, among others. The website also features a historical section detailing the company’s role in supporting the Allied forces during World War II, showcasing a long tradition of British engineering and craftsmanship.

Financially, Stone Marine Shipcare Ltd presents a mixed picture. Current assets have decreased by 9.7% to £1,700,000, while net assets have remained steady at £740,000. Bank borrowings have increased by 240%, reaching £170,000, and cash reserves have fallen by 6.2% to £1,100,000. Creditors have decreased by 43%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the increase in borrowings and decrease in cash reserves could signal a need for careful financial management. The company is exempt from an audit, so the financial statements are unaudited.

The company’s long history and specialized services suggest a stable business, but the financial data indicates some challenges. Whether these are temporary fluctuations or longer-term trends remains to be seen, but Stone Marine Shipcare Ltd appears to be navigating a complex maritime landscape.

Registered in England/Wales under the registration number 00058613, with a registered address at DT2 7PZ, Dorchester, Dorset, Langham Industries Limited, Binghams Melcombe.

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