Flexicovers Limited

Flexicovers Ltd, based in Fordingbridge, UK, is a small company with an active status, celebrating 21 years in business. Employing 38 people and holding assets of £1,091,230, the company operates from a real address and is managed by six directors, though no owners are officially listed. It regularly imports and exports iron or steel products, with 3 months of import activity and 35 months of export activity recorded.

The company’s website reveals a specialization in boat cover manufacturing for luxury yachts, offering a wide range of covers and shades. It caters to major yacht builders like Sunseeker, Princess, and Fairline, providing both original equipment manufacturer (OEM) covers and replacement options. The website showcases a vast selection of models and brands, emphasizing customization and quality craftsmanship. It also highlights a dealer network spanning the UK, Europe, and the US.

Financially, Flexicovers Ltd demonstrates some concerning trends. Accrued liabilities have decreased significantly, dropping 88%, while bank borrowings have remained steady. However, cash bank on hand has increased by 51%, suggesting better cash flow management. Creditors have risen by 7.1%, and fixed assets have decreased by 25%, which could be due to depreciation or asset sales. Despite these shifts, the company's small size—meeting two of three conditions for being considered small—allows for agility. The company's net assets have also decreased by 54%, which is a significant drop. No auditor is mentioned, which is typical for companies of this size.

Overall, Flexicovers Ltd appears to be navigating a period of change. While the core business of boat cover manufacturing remains strong, the financial data suggests a need for careful management and a focus on maintaining profitability.

Registered in England/Wales under the registration number 04978939, with a registered address at SP6 1QX, Fordingbridge, Hants, 17 Glasshouse Studios, Fryern Court Road.

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