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SRT Marine Systems PLC (AIM: SRT) is a global company which develops and provides integrated maritime surveillance, monitoring, management and safety systems used by coast guards, fishery authorities, infrastructure and vessel owners for the purposes of managing and controlling their maritime domain.

Applications include security, safety, search & rescue, law enforcement, fisheries management, illegal fishing detection, environment monitoring and general navigation safety.

Customers include:

  • Leading system integrators.
  • Marine electronics companies requiring white label AIS technology and product solutions.
  • Individual vessel operators.
  • Port owners and operators.
  • National authorities such as national defence agencies, fishery ministries, navies and coast guards who require sophisticated maritime surveillance and monitoring systems.


  • Kevin Finn (NE Chair): Highly respected international businessman with significant strategic & operational experience.
  • Simon Tucker (CEO): Joined SRT in 2002 as a Board Advisor, appointed to Board in 2004 and CEO in 2008.
  • Richard Hurd (CFO):An ACA qualified accountant, he joined SRT in Jan 2009, appointed to the Board in Nov 2009.
  • Neil Peniket (COO): Joined SRT in 2005. A Chartered Electrical Engineer, he worked at GEC-Marconi, UbiNetics and Aeroflex.
  • Jean Francois-Bonnin (Product Management Dir): Professional meteo-scientist, ex French Navy & EU fisheries monitoring.
  • NED’s: Simon Rogers, Simon Barrell


P&L31 Mar 2023
31 Mar 2022
Cost of sales(19,467)(5,501)
Gross Profit11,0392,672
Profit/ (Loss) for the year70(5,838)
Balance Sheet31 Mar 2023
31 Mar 2022
Cash 2,1825,924
Total assets less current liabailities10,95810,808
Net Assets10,3089,793

Major Shareholders

Simon Tucker – 1.64%
Kevin Finn – 0.05%

Hargreaves Lansdown Stockbrokers – 14.94%
Hargreaves Lansdown Asset Management – 11.00%
Ocean Infinity Group – 8.89%
Barclays – 2.58%
Amati Global Investors – 2.13%
HSBC Global Asset Management – 0.84%

Media Coverage

Investors Chronicle (Aug 2022): Set fair for a profitable passage

“A global leader in communications technology used to track and monitor maritime vessels is set to deliver a step change in profits in the current year.

Aim-traded SRT Marine Systems (SRT:31p), a global leader in AIS, an advanced identification communications technology used to track and monitor maritime vessels, looks set fair to deliver a sea change in profitability in the current financial year. Admittedly, the patience of shareholders has been tested after delays in project implementation caused by the Covid-19 pandemic led to the group posting cumulative post-tax losses of £11mn over the past two financial years. A £4.9mn equity placing at 30p a share, a 25 per cent discount to the share price at the time, during the March stock market sell-off hasn’t helped sentiment, either, and is a key reason for the reversal…”

Macro Indicators

‘Maritime Safety System Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ (Sep 2022)

The maritime safety system market size is expected to grow to $24.62 billion in 2026 at a compound annual growth rate (CAGR) of 7.56%. The growing maritime trade and transportation are expected to propel the maritime safety system market growth.

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