Haslar Yacht Services Ltd

Haslar Yacht Services Ltd from Romford UK: a small, active company founded nine years ago, employs just one person, and holds £5,930 in assets. Operating from a virtual address shared by twelve other companies, it’s led by a single director and owner. The firm is an irregular importer, primarily dealing in textile padding, felt, nonwoven fabrics, special yarns, ropes, and cables, with import activity recorded for two months, the last operation in September 2016.

The company’s activities encompass a diverse range of services, including the repair and maintenance of ships and boats, retail sales through stalls and markets, sports and recreation education, and offering other business support services. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. While it has a website, it doesn't appear to be actively used for e-commerce.

Financially, Haslar Yacht Services Ltd presents a concerning picture. Current assets have plummeted by 72%, dropping to £5,900, and net assets are down 21%, sitting at -£9,800. Bank borrowings remain steady at £13,000, but cash reserves have shrunk by 10%, leaving just £1,200. Creditors have also decreased by 3.5%, but the significant drop in equity suggests the company is burning through money. The lack of an auditor (likely exempt as a small company) means these figures are unaudited.

The company's director, Erturk Serdar, is listed as both director and owner. The company’s financial statements are described as "filleted accounts" and were prepared using VT Final Accounts software. While the business appears to be operating, the financial data indicates a need for careful management to avoid further decline.

Registered in England/Wales under the registration number 10153254, with a registered address at RM1 2LA, England, Romford, 68 Victoria Road.

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