Esteem Marine Upholstery Limited

Esteem Marine Upholstery Ltd, based in Wimborne, UK, is a small, active company established 22 years ago. Employing ten people and holding £164,304 in assets, it’s a family business with three directors and two owners. Boasting a perfect 5.0 Google rating from just three reviews, Esteem Marine Upholstery operates from a virtual address, registered with twenty-one other companies—a bit unusual. The company is a regular importer, though its top import category is listed as "None" with just seven months of import activity recorded, the last in October 2023.

The company’s website highlights its expertise as "marine upholstery specialists," offering "timeless craftsmanship" and bespoke solutions for both boat owners and global manufacturers. Steve Day, one of the founders, provides design consultations, leveraging extensive knowledge to guarantee solutions exceed client expectations. Esteem’s services encompass everything from cockpit upholstery to saloon seating, covers, and cushions, emphasizing a consultative approach and a commitment to quality, practicality, and cost-effectiveness.

Financially, Esteem Marine Upholstery Ltd’s recent performance presents a mixed picture. Cash bank on hand has dramatically decreased by 95%, plummeting to just £5,000. Creditors have fallen significantly by 54%, suggesting better debt management, but net assets also declined by 18% to £120,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the drop in cash reserves is concerning. Amounts owed to directors have increased dramatically by 11,000%, reaching £8,400, which could indicate a loan or investment. With no auditor mentioned, the financial statements are unaudited.

Overall, Esteem Marine Upholstery Ltd appears to be navigating a period of change. While its reputation for quality and customer service is strong, the financial data suggests it's burning through cash, and management should probably keep a close eye on expenses.

Registered in England/Wales under the registration number 04615853, with a registered address at BH21 1LT, United Kingdom, Wimborne, Dorset, 33 West Borough.

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