Just Add Water Boats Ltd

Just Add Water Boats Ltd, based in St. Austell, UK, is a small, active company founded ten years ago. With four employees and £204,909 in assets, it’s a modest operation led by one director and owner. Boasting a stellar 5.0-star Google rating from 32 reviews, the company has established a strong reputation. It’s an irregular importer, primarily dealing in ships, boats, and floating structures, with its last import activity recorded one month ago in July 2022.

The company's website showcases a diverse selection of boats for sale, ranging from RIBs and bowriders to center consoles and cuddy cabins. It operates as an online marketplace, allowing customers to search for boats by make, model, fuel type, and price range. The site also features a servicing and storage section, indicating additional services offered. The website’s search function is quite detailed, with options to filter by make, type, bowrider, and price—a clear effort to cater to specific customer needs.

Financially, Just Add Water Boats Ltd presents a mixed picture. Accumulated depreciation on motor vehicles increased by 67%, while depreciation on plant machinery rose by 36%. Cash bank on hand saw a significant jump of 390%, reaching £110,000—a positive sign. However, creditors increased by 110%, suggesting a reliance on short-term financing. The company’s small size—meeting two of three criteria for being considered small—allows for agility, but the increase in creditors warrants attention. The company's net assets increased by 22%, which is good, but the decrease in finished goods by 19% might indicate a need to manage inventory more efficiently. With no auditor mentioned, the financial statements are unaudited.

Overall, Just Add Water Boats Ltd appears to be a well-regarded small business navigating the challenges of the marine market. The company's strong Google rating and detailed website suggest a customer-focused approach, but the increase in creditors highlights the need for careful financial management.

Registered in England/Wales under the registration number 09322053, with a registered address at PL26 7AR, England, St. Austell, Kingswood Business Park, London Apprentice.

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