Jones Boatyard Ltd

Jones Boatyard Ltd, from St. Ives, UK, is a small, family business with an active status, celebrating 54 years since its founding in 1970. Employing 14 people, the yard holds £756,324 in assets and operates from a real address, managed by four directors and three owners. It boasts an impressive Google rating of 5.0 based on 318 reviews and functions as an irregular importer of ships, boats, and floating structures, with recent activity in November 2023.

The company’s website showcases a diverse range of services and products, including boat sales, moorings, and authorized Honda dealership services. It also highlights its expertise in boat repair and maintenance, alongside retail sales of new and second-hand goods. A webcam and river map are available for customers, and the site emphasizes its membership in the Great Ouse Boating Association.

Financially, Jones Boatyard Ltd presents a mixed picture. Current assets have decreased by 29%, dropping to £760,000. Bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves have fallen by 58%, sitting at £150,000. Creditors, however, have decreased by 28%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Despite this, the significant decline in equity, dropping 7.5% to £1.1 million, raises questions about the company's long-term financial health. With no auditor mentioned, the figures are unaudited.

Overall, Jones Boatyard Ltd appears to be navigating a challenging financial period, despite its strong reputation and loyal customer base. The company’s longevity and family ownership suggest resilience, but careful management will be crucial to ensure its continued success.

Registered in England/Wales under the registration number 00996198, with a registered address at PE27 5ET, United Kingdom, St. Ives, The Boathaven, Low Road.

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