Vessel Technology Ltd
- Small
- Active
- 9 years
- £108,384 (assets)
- Real address
- 2 directors
- 1 owner
- Irregular importer
- Solo founder
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
The directors list was changed 4 months ago, a good sign to sell them something.
Field of Operation
Website
Phones
Summary
Vessel Technology Ltd, based in Banchory, UK, is a small, active company founded nine years ago in 2016. It holds £108,384 in assets and operates from a real address within the Banchory Business Centre. The company is led by two directors, including its solo founder, Milne David John. It's a somewhat irregular importer, primarily dealing in optical and medical tools and devices, with the last import activity recorded just one month ago in August 2024.
The company's website showcases a focus on dynamic positioning (DP) testing solutions for vessels. It offers two key products: the DPSS and DPSSNet, designed to help vessel crews perform more testing without needing external service engineers. These products are designed and maintained in-house, with customization options available. The website also highlights independent network storm testing solutions and serial bus testing capabilities. It's clear Vessel Technology Ltd caters to a specialized niche within the maritime industry, offering technical solutions for vessel maintenance and safety.
Financially, Vessel Technology Ltd presents a mixed picture. Cash bank holdings increased by a healthy 42% to £68,000, and current assets rose 74% to £110,000. However, trade debtors jumped dramatically by 1000%, reaching £26,000, which could indicate difficulties in collecting payments. Equity also increased by 58% to £96,000, but creditors rose significantly by 190% to £16,000. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the sharp increase in debtors warrants attention. The company's auditor, CCH Software, prepared the financial statements, but they remain unaudited. It seems the company is growing, but needs to manage its debtors better.
Registered in Scotland under the registration number SC528971, with a registered address at AB31 5ZU, Scotland, Banchory, Kincardineshire, Banchory Business Centre, Burn O'Bennie Road.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 9 years
- 1
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 4 months
- 1
-
Resident of United Kingdom
-
Individual
- 9 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted three months ago.
Last news
-
Registered office address changed from Banchory Business Centre Burn O'bennie Road Banchory Kincardineshire AB31 5ZU Scotland to 4 Oak Tree Avenue Banchory AB31 5ZX on 2025-06-10Download 1 page pdf report
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Change of details for Mr David John Milne as a person with significant control on 2025-06-10Download 2 pages pdf report
-
Confirmation statement made on 2025-03-07 with no updatesDownload 3 pages pdf report
Importer profile by HS codes
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Last imported products
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FAQ about Vessel Technology Ltd
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