VOE MARINE ENGINEERING LTD Financials
- Company number
- SC504574CopyCopy
- Registered office
- Kirkidale Business Park, Walls, Shetland ZE2 9QX
- Incorporated
- 29/04/2015
Company snapshot
- Status
- Active
- Employees
- 21 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
8.48%vs 20242024: £1.81M
Total Assets
-10.45%vs 20242024: £3.40M
Cash in Bank
95.22%vs 20242024: £556.70K
Total Liabilities
-40.22%vs 20242024: £1.44M
Employees
+6vs 20242024: 15
In 2025, VOE MARINE ENGINEERING LTD reported net assets of £1.97M. The same filing shows total assets of £3.05M, cash in bank of £1.09M and total liabilities of £863.06K. Reported headcount was 21 in 2025. Total Liabilities fell from £1.44M in 2024 to £863.06K in 2025 (-40.22%). Okredo holds filed figures for 2021–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
8.48%from £1.81M in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures VOE MARINE ENGINEERING LTD filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
+437%vs 2023+132% a year compound (CAGR)
Cash in Bank
+965%vs 2023+226% a year compound (CAGR)
Total Assets
+311%vs 2023+103% a year compound (CAGR)
Total Liabilities
+238%vs 2023+83.8% a year compound (CAGR)
Employees
+133%vs 2023+12Biggest increase
Cash in Bank+965%
£102.06K in 2023 to £1.09M in 2025
Every indicator Okredo holds for VOE MARINE ENGINEERING LTD rose between 2023 and 2025. The steepest rise came in cash in bank, pointing to a more liquid cash position, with net assets, total assets, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from VOE MARINE ENGINEERING LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 64.60%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 28.33%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 125.92%2025
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 35.67%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for VOE MARINE ENGINEERING LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 312.39K | 348.83K | 366.21K | 1.81M | 1.97M |
| Total Assets£ | 596.91K | 615.33K | 741.37K | 3.40M | 3.05M |
| Cash in Bank£ | 491.70K | 123.55K | 102.06K | 556.70K | 1.09M |
| Total Liabilities£ | 259.98K | 193.15K | 255.54K | 1.44M | 863.06K |
| Employees | 7 | 9 | 9 | 15 | 21 |
VOE MARINE ENGINEERING LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for VOE MARINE ENGINEERING LTD covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
VOE MARINE ENGINEERING LTD reported net assets of £1.97M for 2025. That compares with £1.81M in 2024, a change of 8.48%.
VOE MARINE ENGINEERING LTD reported total assets of £3.05M for 2025. That compares with £3.40M in 2024, a change of -10.45%.
VOE MARINE ENGINEERING LTD reported cash in bank of £1.09M for 2025. That compares with £556.70K in 2024, a change of 95.22%.
VOE MARINE ENGINEERING LTD reported 21 employees in 2025, compared with 15 in 2024.
Between 2023 and 2025, VOE MARINE ENGINEERING LTD's net assets rose by 437%, cash in bank rose by 965%, total assets rose by 311% and total liabilities rose by 238%. Net assets compounded at 132% a year across the two years to 2025, from £366.21K to £1.97M. Reported headcount went from 9 in 2023 to 21 in 2025 (+12).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.