Bluewater Boats Limited

Bluewater Boats Ltd, based in Leamington Spa, UK, is a small, active company established 22 years ago. With nine employees and £108,416 in assets, it’s a modest operation led by three directors and a single owner, Warner David Byron. The company holds a respectable 4.0 Google rating from nine reviews and regularly imports electrical machinery and equipment—four months of imports were recorded, with the most recent in March 2024.

Bluewater Boats Ltd specializes in the repair and maintenance of ships and boats, operating within a niche industry. Its website, though not currently active, suggests a focus on quality workmanship and customer service. The company’s registered address is a real address, with only one other company registered at the same location.

Financially, Bluewater Boats Ltd presents a mixed picture. Current assets have decreased by 15% to £110,000, while net assets have fallen 16% to £21,000. Bank borrowings have significantly reduced, dropping 20% for overdrafts and 15% for non-financial instruments, indicating better cash flow management. Cash reserves, however, have surged a staggering 1200%, reaching £9,900—a positive sign. Creditors have also decreased slightly, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in equity warrants attention. As a small company, it is exempt from an audit, so the financial statements are unaudited.

While the company's financial health appears to be improving in some areas, the decrease in net assets and the lack of a detailed audit should be considered. Bluewater Boats Ltd seems to be navigating the challenges of a small business, relying on its specialized services and a solid reputation to maintain its position in the market.

Registered in England/Wales under the registration number 04578141, with a registered address at CV33 9HY, Leamington Spa, 12 Manor Road, Harbury.

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