OCEAN KINETICS LIMITED
Company number SC171923 · Monitor this company
Executive summary
Ocean Kinetics Limited is a well-established and fundamentally sound business with a strong equity base and impressive revenue growth, but it is currently in a fragile state due to critically low cash reserves and compressed profit margins. The company's heavy capital investment programme has strained its liquidity to a dangerous degree, leaving it highly dependent on borrowing facilities and vulnerable to short-term shocks. Immediate and disciplined cash flow management, combined with margin protection, is essential to stabilise the company while its strategic investments begin to generate returns.
Shareholders' funds
£10,222,649
Balance sheet as at 2025-12-31
What it does
The principal activity of the company in the year under review was that of the provision of engineering and fabrication services.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1997-01-30
- Employees
- 82 (2025 accounts · was 86 in 2024)
- Registered office
- Ocean Kinetics Limited Port Business Park, Gremista, Lerwick, Shetland, ZE1 0TW
- Postcode
- ZE1 0TW
- Capital
- 10,000 GBP
- Accounts category
- Medium
- Charges
- 4 outstanding
Accounts
- Last made up to
- 2025-12-31
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-05-22
- Next due by
- 2027-06-05
Nature of business (SIC)
- 25110 Manufacture of metal structures and parts of structures
Officers 5 current · 2 resigned
Data protection registration
Registered with the ICO as a data protection fee payer — ZA458821 (Tier 2), registered since 2018.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Contact details
- Website
- oceankinetics.co.uk
Specialists in marine, metal, fabrication, welding, pipework and diving for oil/gas, renewables, fishing/aquaculture, marine, decommissioning, power/utilities.
Previous registered addresses 2
| Address | Changed on |
|---|---|
| MARINA BUSINESS PARK, GREMISTA, LERWICK, SHETLAND, ZE1 0TA | 2013-02-04 |
| C/O PORT BUSINESS PARK, OCEAN KINETICS LIMITED PORT BUSINESS PARK, GREMISTA, LERWICK, SHETLAND, ZE1 0TW, UNITED KINGDOM | 2013-02-04 |
Among its peers
Top 5%
by shareholders' funds, of 79 similar companies in ZE — measured against the wider sector
3rd largest employer among its local peers (82 staff).
2nd oldest of its local peers, trading since 1997.
The class of 1997
43%
of the 50,528 companies incorporated in 1997 are still active today; 54% have since been dissolved.
A fact about the year, not a forecast for this company.