1st Waterside Limited

1st Waterside Limited, based in Hythe, UK, is a small, family-run business with an active status. Founded 23 years ago in December 2001, it employs 18 people and holds £754,035 in assets. The company operates from a real address within the Trident Business Park and is overseen by six directors and three owners. It’s an irregular importer, primarily dealing in knitted or crocheted fabrics, with its last import operation occurring in February 3023. The company's website highlights domestic and commercial blind services, with a focus on quality and customer satisfaction.

The company’s core business involves the manufacture of other furniture industries, and its website suggests a focus on blinds—both domestic and commercial. The site is simple, with clear navigation and a straightforward layout, highlighting services and contact information. While the website is well-designed, it doesn't offer much detail about the company's history or values beyond its commitment to quality.

Financially, 1st Waterside Limited shows a mixed picture. Cash bank on hand increased significantly by 53%, reaching £640,000, a positive sign of improved liquidity. However, net assets grew by a more modest 39%, reaching £560,000. Trade debtors decreased by 44%, suggesting improved collection efficiency, while creditors rose by 8%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the increase in creditors could indicate a reliance on short-term financing. With no auditor mentioned, the figures rely on unaudited statements.

Overall, 1st Waterside Limited appears to be holding its own, benefiting from a strong cash position and efficient debt management. However, the increase in creditors and the lack of detailed financial information warrant further scrutiny.

Registered in England/Wales under the registration number 04340176, with a registered address at SO45 6GJ, Hythe, Hampshire, Unit 1 Trident Business Park, Shore Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.