Windward Marine Limited

Windward Marine Ltd, based in Stonehouse, UK, is a sizable company with a 53-year history, currently employing 83 individuals. The company holds £5,992,477 in assets and generates £13,443,404 in yearly revenue, operating from a real address and managed by six directors and one owner. It’s a regular importer of electrical machinery and equipment (for 41 months) and a regular exporter of machinery, boilers, and mechanical appliances (for 11 months).

The company functions as a crewing and ship management provider, primarily focused on recruiting Myanmar seafarers for various vessel types. It operates as the principle company of Hellenic Overseas Maritime Co., Ltd., and offers services including flag endorsement, shipping agency representation, owner protective agency work, and supercargo services in Yangon Port. Its website highlights a focus on experienced maritime professionals and a commitment to ethical practices within the shipping industry.

Financially, Windward Marine Ltd’s recent performance shows some concerning trends. While cash bank on hand has seen a significant increase of 520%, current assets have decreased slightly by 2%, and net assets have increased by 8.6%. Bank borrowings have decreased by 34%, and cash reserves have increased by 18%. Turnover has declined by 16%, and net losses have deepened to -£670,000. Creditors have decreased by 18%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, indicating a substantial scale of operations. The accounts are unaudited, and no auditor is mentioned.

The decrease in turnover, despite a rise in cash reserves, suggests potential challenges in maintaining sales volume. The increase in cash, however, could be due to cost-cutting measures or delayed payments from clients. The company's continued focus on Myanmar seafarer recruitment, amidst evolving global maritime regulations, will be a key factor in its future financial health.

Registered in England/Wales under the registration number 01013726, with a registered address at GL10 3SX, England, Stonehouse, Waterside House Brunel Way, Stroudwater Business Park.

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