Just Wake Ltd

Just Wake Ltd from Lincoln UK: a small, active company founded thirteen years ago, employs twenty-five people, and holds £127,190 in assets. It operates from a virtual address, is led by three directors and owned by two individuals, and is a family business. The company regularly imports iron or steel products, with recent activity recorded three months ago.

The business is a watersports destination called Spot On Wake, located in rural Warwickshire. It boasts three custom-designed lakes catering to wakeboarders of all levels, alongside other activities like aqua jungles, paddleboarding, and open water swimming. The venue is purpose-built and described as unrivalled in the UK. The website highlights a focus on customer experience, with a virtual tour, meet-the-team section, and online booking system. The site also includes a waiver and details opening hours, emphasizing a dog-free policy.

Financially, Just Wake Ltd shows concerning trends. Accumulated depreciation and impairment of property, plant, and equipment increased by 26%, while the average number of employees decreased by 28%. Bank borrowings surged by 120%, and cash bank on hand plummeted 63%. Creditors also increased, and current assets fell dramatically. 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 is typical for a company of this size.

The company’s equity has also decreased significantly, which could indicate a need for investment or a period of reduced profitability. The rise in bank borrowings suggests a reliance on external funding. While the watersports venue appears to be thriving, the financial data suggests Just Wake Ltd is burning through money.

Registered in England/Wales under the registration number 07826775, with a registered address at LN1 3SN, Lincoln, Lincolnshire, Landmark House, 1 Riseholme Road.

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