The Marine Safety Centre Limited

The Marine Safety Centre Limited is a small, active company based in Lowestoft, UK, founded 37 years ago in 1988. With seven employees and £170,239 in assets, it operates from a real address and is led by three directors and a single owner, Justin Barrie. The company is a irregular importer, primarily dealing in ships, boats, and floating structures, with its last import activity recorded two months ago in September 2022.

The company’s website, while not detailed, suggests a focus on marine safety equipment and services. It operates in the agents specialized in the sale of other particular products industries. The company’s core business seems to revolve around sourcing and supplying marine safety products, potentially catering to commercial vessels and recreational boat owners.

Financially, The Marine Safety Centre Limited presents a mixed picture. Current assets have increased by 14%, reaching £170,000, while bank borrowings have decreased significantly by 36%, dropping to £26,000. Creditors have also decreased by 18%, indicating improved debt management. However, net assets have increased by a substantial 86%, reaching £85,000, which could be due to retained earnings. Cash on hand has decreased by 78%, dropping to £150. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in cash reserves warrants attention. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s financial trends suggest it is managing its debts effectively, but the decrease in cash reserves could indicate a need to improve cash flow management. The ownership change two months ago might signal a shift in strategy or investment.

Registered in England/Wales under the registration number 02216691, with a registered address at NR33 9QS, Lowestoft, Suffolk, Unit 4 Colville Road Works, Colville Road.

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