Cornwall Model Boats Limited

Cornwall Model Boats Limited is a small, active company based in Camelford, UK, founded sixteen years ago in 2008. With five employees and £468,424 in assets, it’s a family-run operation with two directors and a single owner, Harwood Malcolm Christopher, who also serves as a director. The company operates from a real address at Unit 3b Highfield Road Ind Estate and regularly imports and exports toys, games, and sports equipment, with 29 months of import activity and 4 months of export activity recorded, the latest import being January 2025 and the last export being January 2019.

The company’s website, while not fully detailed, suggests a focus on model boats and related hobby supplies. It’s likely they sell directly to consumers, possibly through an online store, though further information is needed to confirm. It’s a retail business specializing in games and toys.

Financially, Cornwall Model Boats Limited presents a mixed picture. Cash reserves have declined by 22% to £160,000, while bank borrowings have decreased significantly by 34%, reaching £23,000. Creditors have increased by 160%, to £22,000, and trade debtors have decreased slightly. Net assets have fallen by 8%, to £420,000. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 25 employees), which means they are exempt from an audit.

The decline in cash reserves and the increase in creditors could indicate that the company is experiencing some financial strain, possibly due to increased costs or slower sales. However, the decrease in bank borrowings suggests that the company is managing its debt effectively. The company’s long-standing presence in the market and its focus on a niche hobby suggests that it has a loyal customer base, but it will need to carefully manage its finances to ensure its long-term sustainability.

Registered in England/Wales under the registration number 06727642, with a registered address at PL32 9RA, England, Camelford, Cornwall, Unit 3b Highfield Road Ind Estate.

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