Helmsman Systems Limited

Helmsman Systems Ltd from Cowbeech, UK, is a small, active company founded fifteen years ago in 2010. With five employees and £115,552 in assets, it operates from a real address and is overseen by two directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances – parts (228 months imported) – and exports electrical machinery and equipment (13 months exported).

The business specializes in hydraulic steering, brakes, and engine controls, acting as a supplier for brands like Kobelt, AccuSteer, Stazo, and Wagner. It caters to a wide range of vessels, from classic sailing boats to mega yachts, offering tailored solutions and classification approval from various societies. The company’s website highlights its expertise in design, manufacture, and supply, emphasizing British craftsmanship and a commitment to customer requirements.

Financially, Helmsman Systems Ltd shows some concerning trends. While the company’s assets are modest, there’s been a notable decrease in net assets, dropping 54% to £360. Bank borrowings have increased by a significant 50%, reaching £92,000, and cash reserves have fallen by a substantial 83%, leaving just £92. Trade debtors have also decreased by 31%, which could indicate issues with customer payments. Despite these challenges, the company’s small size (meeting two of three conditions for a small company) allows for agility. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity.

The decrease in assets and increase in borrowings, alongside the drop in cash reserves, suggests Helmsman Systems Ltd is facing financial pressures. Whether this is a temporary setback or a more persistent issue remains to be seen, but the company’s established reputation and focus on specialized marine equipment could provide a foundation for future stability.

Registered in England/Wales under the registration number 07205356, with a registered address at BN27 4QD, Cowbeech, East Sussex, Dunstars Farm, Bemzells Lane.

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