Fleming Yachts (europe) Limited

Fleming Yachts Europe Ltd, based in Winchester, UK, is a small, active company founded fifteen years ago in 2009. With five employees and £4,820,080 in assets, it operates from a virtual address – twenty-five companies registered at the same location, which is a bit unusual. The business is led by one director and owner, Miles David Peter. It’s a regular importer of ships, boats, and floating structures, with nineteen months of import activity recorded, the last in November 2024. Export activity is less frequent, with just one month of activity recorded as of December 2022.

The company’s core business revolves around yacht sales and maintenance, though its website suggests a broader scope of marine brokerage services. It appears to operate as a facilitator, connecting buyers and sellers of yachts, rather than manufacturing or directly owning a large fleet. The company’s website is well-designed and professional, showcasing a range of yachts for sale and highlighting its expertise in yacht brokerage. It’s a niche market, and Fleming Yachts Europe Ltd seems to be positioning itself as a trusted advisor in this specialized area.

Financially, Fleming Yachts Europe Ltd presents a mixed picture. Current assets have decreased by 21%, dropping to £4,800,000, while net assets have fallen 41%, settling at £1,700,000. Bank borrowings have increased significantly by 2400%, reaching £29,000, and cash reserves have plummeted 27%, dropping to £2,500,000. Creditors have increased by 9.6%, rising to £3,100,000. 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 decrease in equity raises questions. The company is exempt from an audit, so the figures are unaudited.

Overall, Fleming Yachts Europe Ltd appears to be navigating a challenging economic climate. While its niche market and expertise in yacht brokerage provide a solid foundation, the decrease in equity and increased borrowings suggest it's burning through cash. It’s likely that the company is facing increased competition or experiencing a slowdown in the yacht market. The lack of an auditor mentioned further complicates the picture, leaving investors and stakeholders with limited insight into the company’s true financial health.

Registered in England/Wales under the registration number 07038743, with a registered address at SO23 8SR, Winchester, Hampshire, Innovations House, 19 Staple Gardens.

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