Swansea Drydocks Limited

Swansea Drydocks Ltd from Swansea UK is a large, active company founded fifteen years ago. Employing twenty-two people and boasting assets of £754,582, the company generates yearly revenue of £3,248,375. It operates from a real address and is overseen by four directors and one owner, holding a respectable Google rating of 4.0 based on thirty-one reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with import activity spanning fifteen months and export activity lasting twelve.

The company’s website doesn't provide much detail about their online presence, so it’s difficult to determine if they operate an e-commerce site. Their core business appears to be service activities incidental to water transportation industries, specifically marine repair and recycling.

Financially, Swansea Drydocks Ltd shows a mixed picture. While turnover increased by a healthy 17%, net assets decreased by 12% to £1,977,000. Cash bank on hand increased significantly by 290% to £230,000, which is a positive sign. However, bank borrowings surged by 2,400% to £29,000, and net losses deepened to -£160,000, suggesting increased costs or reduced profitability. Creditors decreased by 18%, which is a good sign for debt management. The company’s large size (meeting two of three criteria for turnover over £36 million, assets over £18 million, and over 250 employees) gives it a competitive advantage, but the increase in bank borrowings and the net loss raise concerns. The company’s auditor, KPMG, has reported that the financial statements give a true and fair view.

The increased bank borrowings could be a result of investments in new equipment or expansion of operations, but the deeper net loss suggests that costs may be rising faster than revenue. The company’s strong Google rating and its established presence in the marine industry are positive factors, but the financial results warrant close monitoring.

Registered in England/Wales under the registration number 06925673, with a registered address at SA1 1LY, Wales, Swansea, Prince Of Wales Drydocks, Port Tennant.

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