Thistle Marine (peterhead) Limited

Thistle Marine Peterhead Ltd from Peterhead UK: a small, active company founded 48 years ago, employs 20 people, and holds £932,772 in assets. It’s a real address with four directors and two owners, operating as a family business and boasting a 3.0 Google rating from seven reviews. The company regularly imports machinery, boilers, and mechanical appliances parts—125 months of import activity recorded—and exports similar items, with 29 months of export activity.

The company’s core business is the repair and maintenance of ships and boats, operating from Thistle House, Thunderton Industrial Estate. While it doesn’s have a website, its operations are clearly focused on the maritime industry.

Financially, Thistle Marine shows some interesting trends. Current assets have decreased by 29% to £930,000, while net assets have fallen by 45% to £570,000. Bank borrowings have increased significantly by 210%, reaching £280,000, and cash reserves have risen by 140% to £160,000. Creditors have decreased by 6%, suggesting improved debt management. 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 remain flexible. The increase in bank borrowings, however, could indicate a need for capital investment or a period of cash flow challenges. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s focus on importing and exporting machinery suggests a reliance on international supply chains, which could be affected by global economic conditions. The increase in cash reserves is a positive sign, but the decline in net assets warrants further scrutiny.

Registered in Scotland under the registration number SC062313, with a registered address at AB42 3EB, Scotland, Peterhead, Aberdeenshire, Thistle House, Thunderton Industrial Estate.

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