Subsea Supplies Limited

Subsea Supplies Ltd, based in Aberdeen, UK, is a small, active company established 25 years ago. With nine employees and £6,579,592 in assets, it operates from a virtual address, managed by two directors and a single owner – the solo founder. The company regularly imports and exports electrical machinery and equipment, with 353 months of import activity and 328 months of export activity recorded.

The company's website highlights its role as a trusted international supplier of ROV, AUV, Oil & Gas, Oceanographic, and Defence Equipment. It operates an online store, offering products from brands like Burton Subsea, Nexans, and Sun Star Electrical. The site emphasizes a focus on quality components and unparalleled customer service, catering to a broad spectrum of underwater activities. It also mentions a physical location at Units 3 & 4 Murcar Commercial Park, Denmore Rd, Aberdeen, AB23 8JW.

Financially, Subsea Supplies Ltd shows a mixed picture. Cash bank on hand increased by a significant 43%, reaching £3,000,000, while trade debtors increased by 63%, reaching £1,500,000. Creditors also increased, by 47%, to £2,000,000. However, accumulated depreciation impairment property plant equipment remained stable. Net assets grew by 49%, reaching £4,600,000. Bank borrowings have been eliminated, a positive sign. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debtors suggests a potential need to manage customer payments more closely. The company is exempt from an audit, and the financial statements are unaudited.

Registered in Scotland under the registration number SC201541, with a registered address at AB10 1TN, Aberdeen, Aberdeenshire, Amicable House, 252 Union Street.

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