Harold Hayles(yarmouth I.w.)limited

Harold Hayles Yarmouth Iw Ltd, based on the Isle of Wight, UK, is a small, active company with a rich history, having been founded 70 years ago in 1955. The company, with five employees, holds £31,015 in assets and operates from a real address. Two directors and one owner manage the business, which boasts a respectable Google rating of 4.0 based on one review. Harold Hayles is a regular importer of machinery, boilers, and mechanical appliances, parts, with 17 months of import activity recorded, the last in October 2024. It also exports vehicles, parts, and accessories irregularly, with just one month of export activity as of May 2023.

The company’s website, haroldhayles.co.uk, reveals a dual business model. It functions as both a boatyard and a distributor for UK Spurs. The boatyard, situated in Yarmouth Harbour, has been run by family businesses for over 70 years and incorporates the historic Sandhouse, the oldest commercial building still in use in the harbour. The Spurs distribution arm suggests a more modern, retail-focused operation. The site provides services, moorings, and a stock list, encouraging customers to contact them directly or order online.

Financially, Harold Hayles Yarmouth Iw Ltd presents a mixed picture. While current assets increased by 13% to £31,000, net assets decreased by 8.5% to -£250,000. Bank borrowings decreased by 5.9%, reaching £10,000, and cash reserves increased by 59% to £5,700. Trade debtors increased significantly, by 1600%, reaching £14,000, which could indicate a period of strong sales but also potential issues with collections. 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 negative equity raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Harold Hayles Yarmouth Iw Ltd appears to be navigating a challenging financial landscape, balancing its traditional boatyard operations with a modern distribution business. It’s a company with a long history, but it’s clear that maintaining profitability will require careful management and a continued focus on customer satisfaction.

Registered in England/Wales under the registration number 00548845, with a registered address at PO41 0RS, Isle Of Wight, The Quay, Yarmouth.

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