Tidewater Marine Uk Ltd

Tidewater Marine Uk Ltd, based in London, is a sizable holding company with an active status, having operated for 34 years. The company, employing 23 individuals, boasts significant assets of £91.6 million and a yearly revenue of £83.7 million. With four directors and one owner, it maintains a perfect 5.0 Google rating from eight reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 43 months of import activity and 42 months of export activity recorded.

The company owns and operates a large fleet of offshore support vessels, supporting energy exploration and production activities worldwide. It’s a business with a long history, having been established over 60 years ago, and offers a range of services including platform supply, anchor handling, and crew boat transportation. The company's website highlights its commitment to sustainability, with initiatives focused on environmental management, social responsibility, and corporate governance. It also has a strong investor relations section, providing updates on financial performance and strategic initiatives.

Financial analysis reveals a mixed picture. While the company’s assets remain substantial, there’s been a notable increase in bank borrowings, rising by 2,400% to £84 million. Net assets have also decreased significantly, dropping 73% to £16 million. Trade debtors have increased by 890%, suggesting potential issues with customer payments. However, creditors have decreased by 18%, which could indicate 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 stay agile, but the sharp equity drop raises questions. No auditor is mentioned, likely due to the company’s small size and exemption from full auditing requirements.

Overall, Tidewater Marine Uk Ltd appears to be a well-established player in the offshore support sector, but the recent financial trends suggest a need for careful management and strategic adjustments. The company’s long history and commitment to sustainability provide a solid foundation, but the increased borrowing and declining equity warrant close monitoring.

Registered in England/Wales under the registration number 02541716, with a registered address at WC2B 4JF, London, C/O Peachey & Co Llp, 95 Aldwych.

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