Marine Asset Management Limited
Registered name: MARINE ASSET MANAGEMENT LIMITED
Marine Asset Management Limited made £26.6m revenue and £529k profit in the year to 30 Nov 2024.
Marine Asset Management Limited’s revenue was £26.6m in the year to 30 Nov 2024, with £529k profit and 34 employees. The company is classified under “other business support service activities” and is based in Falmouth; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Falmouth
- Age
- 19 yrs · since 2006
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 30 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £20.3m | £30.8m | £26.6m |
| Cost of sales | −£18.3m | −£24m | −£22.9m |
| Gross profit | £2.1m | £6.8m | £3.7m |
| Operating profit | £865k | £2.2m | £1.2m |
| Profit before tax | £377k | £1.4m | £722k |
| Profit after tax | £35.5k | £1.1m | £529k |
| Profit (best available) | £35.5k | £1.1m | £529k |
| Employees (average) | 35 | 38 | 34 |
| Ratios | |||
| Profit margin | 0.2% | 3.6% | 2% |
| Gross margin | 10.1% | 22.1% | 14% |
| Revenue per employee | £581k | £810k | £783k |
| Profit per employee | £1k | £29k | £15.6k |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Dec 2024 | Accounts · bulk data Dec 2024 | Accounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 2%
- Profit ÷ revenue.
- Gross margin
- 14%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £783k
- Revenue ÷ average employees.
- Profit per employee
- £15.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 34
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (4)
- Keynvor Morlift LimitedRev. £26.5m · Profit £648k
- BD 6074 LtdFigures not disclosed
- Keynvor Morlift Marine Contractors LtdFigures not disclosed
- KML (Scotland) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Nov 2024 (profit £529k), from the Companies House accounts bulk data published Apr 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.