Allboat Services Limited

Allboat Services Ltd, based in Plymouth, UK, is a small, active company founded 17 years ago. With seven employees and £75,185 in assets, it’s a modest operation managed by one director and two owners. The company regularly imports and exports electrical machinery and equipment, with 9 months of import activity and 11 months of export activity recorded.

The company’s website, AllBoat Services, focuses on marine electrical services and supplies. It acts as a dealer for brands like Dockmate (a wireless docking system) and Bennett Marine (trim tab systems). The site highlights its expertise in smooth docking and offers technical advice, suggesting a focus on providing specialized services to boat owners. It’s clear they’re not a general retailer, but rather a niche supplier catering to a specific market.

Financially, Allboat Services Ltd presents a mixed picture. Current assets have fallen significantly by 64%, dropping to £75,000, while net assets have plummeted 15,000% to -£24,000. Bank borrowings have decreased by 37%, and cash reserves have fallen by a substantial 83%, leaving just £3,000. Creditors have also seen a dramatic decrease of 88%, suggesting better management of short-term debts. The company meets two of the three criteria to be classified as a small company, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the unaudited figures provide a snapshot of the company's current situation.

Overall, Allboat Services Ltd seems to be facing financial challenges, despite its active import/export activity and specialized service offerings. The significant drop in equity and cash reserves raises concerns, though the decrease in creditors suggests some efforts to manage debt. It’s likely the company is navigating a period of adjustment, and its future success will depend on its ability to maintain its niche market and control its expenses.

Registered in England/Wales under the registration number 06345870, with a registered address at PL4 0SJ, United Kingdom, Plymouth, Unit C2 Apollo Court, Neptune Park.

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