MARINE POWER SYSTEMS LTD a Energy business raised £ 1,445,247 via a Equity raise funded on 96%

Seedrs

Who are MARINE POWER SYSTEMS LTD

MARINE POWER SYSTEMS LTD is located in Swansea.

Our mission is to be a world leader in the manufacturing and supply of marine energy extraction hardware.

The world is transitioning to a low carbon future in which clean, affordable, renewable electricity powers our lives. We estimate global electricity consumption represents a £2 trillion annual market that is growing rapidly.

Company details for MARINE POWER SYSTEMS LTD

The company was incorporated as a Private limited with Share Capital on 11 Aug 2008 and is registered in the UK at Companies House with Company Number 06669123

The sector the business operates in is described at Companies House as 32990 – Other manufacturing n.e.c. with its registered office at UNIT 11 CLARION COURT, SWANSEA ENTERPRISE PARK
SWANSEA
SA6 8RT.

Current status of the company is Active.

How much was raised in the Marine Power Systems Seedrs Crowdfunding Campaign

Company funded on 96% with £1,445,247 at a pre money valuation of £60,714,363 . The target raise was £1,500,016 for 2.41% of the equity of the company.

The raise was a Equity raise.

The company operates in the sectors Energy , Non-Digital and B2B .

What information do the filings at Companies House provide about the Company

Last accounts made up to 30 April 2019 filed by the company show

  1. Cash £991.6k
  2. Net Worth £1.4M
  3. Total Liabilities £10.9k
  4. Net Assets £1.4M

The records indicate the company has total directors of 5 and 51 shareholders.

Accounts Filing Status

  1. Last Accounts – Last accounts made up to 30 April 2019
  2. Last accounts made up to 30 April 2019

Confirmation Statement Status

  1. Last Confirmation Statement – Last statement dated 11 August 2019
  2. Next statement date 11 August 2020
    due by 22 September 2020

Filings Recently Made By MARINE POWER SYSTEMS LTD

02 Jul 2020 – Statement of capital following an allotment of shares on 17 June 2020
GBP 33,943.5

29 Jun 2020 – Registered office address changed from C/O Mps Ltd Ethos Building Kings Road Swansea SA1 8AS to Unit 11 Clarion Court Swansea Enterprise Park Swansea SA6 8RT on 29 June 2020

12 Aug 2019 – Appointment of Mr Thomas Alfred Kahan as a director on 9 August 2019

12 Aug 2019 – Confirmation statement made on 11 August 2019 with updates

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