Swaymar Marine Engineering Limited

Swaymar Marine Engineering Ltd from Horsham UK: small company, active status, founded 12 years ago, 1 employee, £143,774 assets, real address, 1 director, 1 owner, google rating 5.0 based on 1 reviews. It’s a regular importer of machinery, boilers, and mechanical appliances; parts (4 months imported). The company operates in the other manufacturing n.e.c. industries, and is a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Swaymar Marine Engineering Ltd specializes in inboard marine engine sales and restoration, offering a range of services from engine rebuilding to exhaust system upgrades. Its website highlights a focus on performance-enhanced engines, particularly those with increased torque and horsepower at lower RPMs. They also provide balancing services, propellor work, and even offer stainless steel exhaust systems with advanced anti-reversion technology. The site showcases projects, testimonials, and a gallery of work, emphasizing a commitment to quality and craftsmanship. It’s clear the company caters to boat owners seeking to improve their engine’s performance and reliability. The website also has a section for selling used engines, and a link to a separate website for piano restoration, which is a surprising diversification.

Financially, Swaymar Marine Engineering Ltd presents a mixed picture. While cash bank on hand increased by a healthy 17% to £120,000, current assets remained flat at £140,000. Trade debtors decreased by 24%, which is a positive sign of improved collections, but creditors increased by 11% to £38,000. Perhaps most notably, equity increased by 3.5% to £110,000. The company’s small size and lack of employees (just one reported) suggest a lean operation, but the increase in creditors could indicate a need for careful cash flow management. There is no auditor mentioned, which is common for small companies exempt from an audit. The company’s small size and the lack of employees suggests a lean operation, but the increase in creditors could indicate a need for careful cash flow management.

Registered in England/Wales under the registration number 08407971, with a registered address at RH13 5PX, Horsham, West Sussex, Unit 6a Mulberry Trading Estate, Foundry Lane.

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