The Marine Warehouse Limited

The Marine Warehouse Ltd from Swansea, UK, is a small, active company founded 20 years ago, employing six people and holding £162,832 in assets. It operates from a real address, is overseen by two directors, and owned by one person. The company runs an e-commerce site and enjoys a perfect 5.0 Google rating from 22 reviews. It’s an irregular importer of ships, boats, and floating structures (last import in March 2022) and a regular exporter of textile products, sets, used clothing, and rags (last export in May 2022).

The company specializes in lifejackets and buoyancy aids, offering a wide range of products for various activities, including powerboating, sailing, and watersports. Its website showcases a comprehensive selection, categorized by type, color, and inflation method. The site also sells accessories like lights, straps, and cylinders, and even offers servicing for lifejackets. The site's layout is clear and easy to navigate, with detailed product descriptions and helpful customer reviews.

Financially, The Marine Warehouse Ltd shows some concerning trends. Current assets decreased by 14% to £160,000, while net assets plummeted 29% to £130,000. Bank borrowings decreased by 40% to £15,000, and cash reserves fell 38% to £55,000. Trade creditors increased by 450% to £34,000, suggesting a reliance on credit from suppliers. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the sharp equity decline and rising trade creditors raise questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite these financial pressures, The Marine Warehouse Ltd maintains a strong online presence and positive customer feedback. The company’s focus on a niche market—lifejackets and buoyancy aids—and its commitment to customer service may help it weather the storm.

Registered in England/Wales under the registration number 05152483, with a registered address at SA1 1UP, Swansea, Unit 2 Fishmarket Quay, Swansea Marina.

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