Grove Pond Yachts Ltd.

Grove Pond Yachts Ltd, based in Hexham, UK, is a small, family-run business with an active status. Founded nine years ago in 2016, the company holds just £1,479 in assets and operates from a real address. With three directors and two owners, it's a tight-knit operation. The business is an irregular importer of vehicles, parts, and accessories (excluding trains and trams), with just one month of import activity recorded as of January 2022.

The company’s website, grovepondyachts.co.uk, showcases a passion for model pond yachts and sailboats. The site features a range of handcrafted models, from the G12 and G22 to the 8in Waterbugs and 16in Kingfisher, catering to enthusiasts of model yachting. Alongside the model yachts, the website also highlights a "History" section with photo archives and information about Alexander's of Preston, suggesting a heritage of craftsmanship and tradition. The site also has a shop with contact details, including a phone number and email address.

Financially, Grove Pond Yachts Ltd presents a picture of a company struggling to maintain its footing. Current assets have plummeted by a staggering 57%, falling to just £1,500, while net assets have also decreased significantly by 58%, settling at £1,100. Cash reserves have been hit particularly hard, dropping 1600% to just £690. Trade debtors have vanished completely, and bank borrowings have decreased by 100%. While creditors remain stable, the sharp decline in assets and cash raises concerns. 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 it to remain agile, but the significant equity drop suggests a need for careful financial management. The accounts are unaudited, and no auditor is mentioned, likely due to the company’s small size.

In short, Grove Pond Yachts Ltd is facing financial headwinds. The company's focus on handcrafted model yachts and its rich history are appealing, but the declining financials suggest a need for a careful review of its operations and a focus on generating more revenue.

Registered in England/Wales under the registration number 09989985, with a registered address at NE46 4AY, England, Hexham, Northumberland, The Bothy, Haughton.

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