Ocean Marine Systems Limited

  • Active
  • Small
  • 13 years
  • 22 employees
  • £2,144,745 (cur assets)
  • 1m-15m
  • Regular importer
  • Regular exporter
  • Real address
  • 3 directors
  • No owners
  • Bournemouth

Field of Operation

Manufacture of other special-purpose machinery n.e.c.
28990 3382 companies

Website

bournemouth-international-airport.cylex-uk.co.uk↗

Social media

linkedin↗ instagram↗ facebook↗

Summary

Ocean Marine Systems Ltd from Bournemouth, UK, is a small holding company with an active status, established twelve years ago in 2013. The company employs twenty people and holds £1,762,987 in assets. It operates from a real address and is managed by three directors and a single owner. The business regularly imports and exports machinery, boilers, and mechanical appliances, including parts, with seventeen months of import activity and eighty-nine months of export activity recorded.

The company’s core business appears to be the manufacture of other special-purpose machinery, as indicated by its industry classification. While a website isn't available for direct analysis, the company’s activities suggest a B2B focus, likely supplying components or finished products to other manufacturers.

Financially, Ocean Marine Systems Ltd shows some concerning trends. While current assets increased by 27% to £1,800,000, net assets plummeted 150% to -£510,000. Bank borrowings increased significantly by 680%, reaching £520,000, and cash reserves decreased by 38% to £180,000. Creditors also rose by 39%, reaching £2,400,000. 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 decline is a red flag. The unaudited figures, combined with the lack of a named auditor, rely on director-reported data.

The significant increase in bank borrowings and the decrease in cash reserves suggest the company may be burning through money, possibly to fund growth or cover operational costs. The large increase in creditors could be a result of delayed payments or increased reliance on short-term financing. However, the increase in current assets indicates a healthy level of sales. The company’s reliance on imports and exports, coupled with the downturn in equity, suggests external factors could be impacting its financial performance.

Registered in England/Wales under the registration number 08377621, with a registered address at BH8 8EX, England, Bournemouth, Dorset, Russell House, Oxford Road.

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.

Managers

  • Petersen Sren Vidamo
  • 3 years
  • 1
Consultancy finance administration
  • Madsen Morten
  • 3 years
  • 3
Ceo
  • Wilson Daniel Lee
  • 11 years
  • 1
Secretary

Last reports

Download the last financial report
Download the last confirmation report
* may contain a full shareholder list

Last news

  1. Accounts for a small company made up to 2025-12-31
  2. Confirmation statement made on 2026-01-28 with no updates
  3. Accounts for a small company made up to 2024-12-31

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

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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.

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