Ecomar Propulsion Ltd
- Active
- Small
- 7 years
- 13 employees
- £686,756 (cur assets)
- 1m-15m
- Regular importer
- Regular exporter
- Real address
- 1 director
- 1 owner
- Solo founder
- Fareham
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 1 month ago, a good sign to sell them something.
Field of Operation
Website
Social media
Summary
Ecomar Propulsion Ltd, based in Fareham, UK, is a small, active company founded five years ago. With seven employees and £612,214 in assets, it's a solo-founded venture led by three directors and one owner. The company operates from a real address and is regularly importing electrical machinery and equipment – 13 months of activity recorded, the latest in August 2024. It also exports optical and medical tools and devices, although less frequently, with just one month of export activity as of November 2022.
The company's website highlights its focus on zero-emission marine propulsion, specializing in electric and hydrogen systems. It researches, develops, and produces high-performance marine engines and energy storage solutions, aiming to reduce maritime greenhouse gas emissions. The site showcases partnerships, awards, and a commitment to sustainability, positioning Ecomar Propulsion as a leader in the evolving marine technology sector. They even have a British Made Award for the second year running.
Financially, Ecomar Propulsion Ltd shows some concerning trends. While current assets increased significantly to £610,000, net assets plummeted 95% to just -£18,000, a very sharp decline. Bank borrowings decreased by 47% to £180,000, and cash reserves fell by nearly half to £47,000. On the positive side, trade debtors increased by 15%, suggesting better 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 substantial equity loss warrants closer attention. No auditor is mentioned, which is common for small companies.
Overall, Ecomar Propulsion Ltd appears to be a company with ambitious goals in a growing sector, but its financial performance suggests it’s burning through money. The rapid growth in assets, however, could indicate successful sales and new contracts—but it’s important to monitor whether this translates to long-term profitability.
The company operates in Processing & manufacturing → Machinery → Engines & turbines.
Registered in England/Wales under the registration number 12018439, with a registered address at PO14 1AH, England, Fareham, Unit 6 Dartmouth Buildings, Fort Fareham Trading Estate.
WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Owners & PSC
-
Individual
- 7 years
- 2
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 7 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted four days ago.
Last news
-
Confirmation statement made on 2026-08-19 with updatesDownload 5 pages pdf report
-
Director's details changed for Mr Eugene Bari on 2026-08-19Download 2 pages pdf report
-
Termination of appointment of Paul Andrew Mitchell as a director on 2026-07-24Download 1 page pdf report
Importer profile by HS codes
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Import HS codes in detail
Last imported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Exporter profile by HS codes
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Export HS codes in detail
Last exported products
Click on items to see detailed UK statistics on HS code, including companies list.
* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
FAQ about Ecomar Propulsion Ltd
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