Tidal Transit Limited

Tidal Transit Ltd from Walsingham, UK, is a small, holding company with an active status. Established fourteen years ago in 2011, the company employs twenty-three people and holds £1,672,957 in assets. It has a real address, is overseen by four directors, and is owned by one individual. The company regularly imports machinery, boilers, and mechanical appliances—parts, with eighteen months of import activity recorded, the latest in February 2025. It exports these same items irregularly, with just two months of export activity, the last in April 2016.

The company operates in the sea and coastal passenger water transport industries, providing access, transport, and crew transfer services for the offshore energy sector. Its website highlights a focus on electric-powered access solutions, including the development of electric crew transfer vessels (ECTVs) and shoreside/offshore battery charging infrastructure. The company also offers retrofitting services, converting diesel-powered vessels into zero-emission transfer vehicles. It boasts a custom-built fleet of wind farm workboats and emphasizes speed, stability, safety, and local knowledge.

Financially, Tidal Transit Ltd shows a mixed picture. Cash bank on hand decreased by 76%, falling to £21,000, while bank borrowings increased dramatically by 1100%, reaching £2,500,000. Creditors also rose sharply by 450%, reaching £2,800,000, and net assets declined by 27% to £1,200,000. Trade debtors increased by 46%, suggesting a potential delay in customer payments. 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 increased debt levels and declining equity raise questions about its financial health. The company is exempt from having its accounts audited, so the figures are unaudited.

The surge in bank borrowings, combined with the decrease in cash reserves, suggests Tidal Transit may be investing heavily in its electric vessel initiatives—a risky but potentially rewarding strategy. The company’s focus on innovation and sustainability positions it well for the growing offshore wind market, but it will need to manage its finances carefully to ensure long-term success.

Registered in England/Wales under the registration number 07484504, with a registered address at NR22 6AZ, England, Walsingham, Unit 6 North Creake Airfield Business Park Bunkers Hill, Egmere.

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