The European Marine Energy Centre Limited
Registered name: THE EUROPEAN MARINE ENERGY CENTRE LIMITED
The European Marine Energy Centre Limited made £1.3m revenue and £65.7k profit in the year to 30 Jun 2025. read from filing text
The European Marine Energy Centre Limited’s revenue fell 8% to £1.3m in the year to 30 Jun 2025, with £65.7k profit and 78 employees. The company is classified under “manufacture of other chemical products” and is based in Stromness; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Stromness, Scotland
- Age
- 23 yrs · since 2003
- Type
- PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)
Non-profit. It is limited by guarantee (typically an association, club or management company), so it isn't run for profit. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2022 | 30 Jun 2023 | 30 Jun 2024 | 30 Jun 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £1.4m | £3.3m | £1.4m | £1.3m |
| Cost of sales | £2.8m | £4m | £1.1m | £1.7m |
| Gross profit | −£1.3m | −£697k | £310k | −£372k |
| Operating profit | £48.7k | −£815k | £224k | £41.5k |
| Profit before tax | £46.3k | −£830k | £232k | £65.7k |
| Profit after tax | £56.1k | −£776k | £232k | £65.7k |
| Profit (best available) | £56.1k | −£776k | £232k | £65.7k |
| Staff costs | — | — | — | £3.2m |
| Employees (average) | 76 | 87 | 79 | 78 |
| Ratios | ||||
| Profit margin | 3.9% | −23.6% | 16.3% | 5% |
| Gross margin | −93.6% | −21.2% | 21.8% | −28.5% |
| Revenue per employee | £18.8k | £37.7k | £18k | £16.7k |
| Profit per employee | £739 | −£8.9k | £2.9k | £842 |
| Cash conversion | −545.9% | — | −977.6% | 905.5% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲129.8% | ▼56.6% | ▼8.5% |
| Profit growth | — | ▼1482% | — | ▼71.7% |
| Headcount growth | — | ▲14.5% | ▼9.2% | ▼1.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.8m | £520k | £1.9m | £1.5m |
| Net assets | £3.4m | £2.7m | £2.9m | £3m |
| Fixed assets | £9.7m | £10.2m | £7.5m | £6.9m |
| Current assets | £6.4m | £5.4m | £4.3m | £4m |
| Debtors | £198k | £296k | £223k | £422k |
| Deferred income | £10.4m | £10.7m | £7.8m | £7.1m |
| Cash from operations | −£266k | £342k | −£2.2m | £376k |
| Source | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Feb 2025 | FullAccounts · bulk data Feb 2026 |
How the business works
- Profit margin
- 5%
- Profit ÷ revenue.
- Gross margin
- −28.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £16.7k
- Revenue ÷ average employees.
- Profit per employee
- £842
- Profit ÷ average employees.
- Cash conversion
- 905.5%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 525.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 541.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 32.4%
- 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
- ▲2%
- Now £3m
- Cash at bank
- ▼24%
- Now £1.5m
- Headcount
- ▼1%
- Now 78
- Deferred income
- ▼9%
- Now £7.1m
- Fixed assets
- ▼8%
- Now £6.9m
Group structure
Subsidiaries (2)
- Emec Hydrogen LimitedFigures not disclosed
- Stronsay Tidal LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Techwax LimitedNewton Aycliffe · Manufacture of other chemical products n.e.c.
- Revenue
- £1.4m
- Profit
- £100k
- Staff
- 13
- Cloud Corp Vaping LimitedPortrush · Manufacture of other chemical products n.e.c.
- Revenue
- £574k
- Profit
- £19.2k
- Staff
- 7
- Abingdon Analytical LimitedYork · Manufacture of other chemical products n.e.c.
- Revenue
- £518k
- Profit
- £38k
- Staff
- 3
Sources
Latest figures from FullAccounts for the year to 30 Jun 2025 (profit £65.7k), from the Companies House accounts bulk data published Feb 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.