Clipper Ventures Plc

Clipper Ventures Plc, hailing from Gosport, UK, is a large holding company with an active status, having been established 29 years ago in 1995. Employing 90 people, the company boasts assets of £18,445,355 and operates from a real address. With six directors and one owner, Clipper Ventures holds a respectable Google rating of 4.0 based on six reviews. The company regularly imports various textile products, sets, used clothing, and rags – a trend observed over the last five months, with the most recent import occurring in July 2023. It also irregularly exports ships, boats, and floating structures, with the last export recorded two months ago in November 2019.

Clipper Ventures’ primary focus appears to be facilitating adventure and sailing experiences. Its website highlights several brands: the Clipper Round the World Yacht Race, Hamble School of Yachting, SKIRR Adventures, Clipper Events, and Clipper China. The company emphasizes connecting people with adventure through sailing excellence, offering races, training, and events. The site also showcases a commitment to courage, adventure, sailing history, and sustainability. A key element is the emphasis on the legacy of Sir Robin Knox-Johnston, a sailing legend.

Financially, Clipper Ventures Plc shows a mixed picture. While current assets decreased by 15% to £18 million, net assets increased by 11% to £4.6 million. However, bank borrowings increased by a significant 2,400%, reaching £470,000, and cash reserves fell by 19% to £4 million. Turnover dropped by 47% to £1.5 million, resulting in a net loss of £230,000 compared to a profit of £340,000 the previous year. The company's relatively large size (meeting two of three criteria for a large company) suggests a more established operation, but the drop in turnover and increase in debt raise concerns. The company’s auditor, Moore (South) LLP, conducted the audit, providing some assurance of the financial statements' reliability.

The company’s increased debt could be a result of investments in its various brands or a reaction to changing market conditions. It’s also possible that the irregular export activity has impacted overall financial performance. While the company’s commitment to adventure and sailing appears strong, it will need to address its financial challenges to ensure long-term sustainability.

Registered in England/Wales under the registration number 03087938, with a registered address at PO12 1FX, Gosport, Hampshire, The Granary & Bakery Building, Royal Clarence Yard Weevil Lane.

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