Blue Lagoon ( Southern ) Ltd

Blue Lagoon Southern Ltd, based in Poole, UK, is a small, active company founded six years ago. With £296,870 in assets, a real address, and a 5.0 Google rating from 101 reviews, it’s a well-regarded business. The company has one director and owner, and operates as an irregular importer of ships, boats, and floating structures, with just one month of imports recorded as of May 2023.

The company’s website, Blue Lagoon Marine, positions itself as a yacht brokerage service operating on a local, national, and international level. It offers new and used boat sales, as well as a range of services including boat storage, servicing, repairs, surveys, and customisation. They also sell Cornish Crabbers, Fusion Power Boats, and Protagon Yachts. The website highlights a global reach, with representation in the south of France, and emphasizes an "unrivalled service" with locations in Poole, Kent, and the Cte d'Azur.

Financially, Blue Lagoon Southern Ltd shows some concerning trends. While current assets increased by 33% to £300,000, equity dropped by 18% to £170,000. Bank borrowings decreased by 29% to £14,000, and cash reserves fell by 71% to £11,000. Creditors increased significantly, by 2600%, to £66,000, suggesting a reliance on trade credit. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, so the accounts are unaudited.

Despite the positive Google reviews and diverse service offerings, the sharp decline in equity and the surge in creditors suggest Blue Lagoon Southern Ltd is facing financial pressures. Whether the company can maintain its reputation and global reach remains to be seen.

Registered in England/Wales under the registration number 11859449, with a registered address at BH14 8HA, England, Poole, Blue Lagoon Boat Yard, 202 Sandbanks Road.

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