Maguire Boats Limited

Maguire Boats Ltd from New Milton UK is a small, active company founded ten years ago. It employs seven people and holds £299,282 in assets, operating as a family business with two directors and two owners. The company has a real address and regularly imports stone, plaster, cement, and similar materials for three months, with the latest import occurring in March 2024. It also exports machinery, boilers, and mechanical appliances for nine months, with the last export made in December 2024.

The company's website, Maguire Boats, showcases a range of services including manufacturing, repair, and storage for M.Foils Exocet and Aerocet Moth sailing dinghies. It also offers online shop sales and boasts a gallery of past projects. The site is powered by EKM and includes contact information, a terms and privacy policy, and VAT number. The business seems to be focused on niche watersports equipment, with a strong emphasis on quality and craftsmanship.

Financially, Maguire Boats Ltd’s performance shows some concerning trends. Cash bank on hand decreased by 32% to £170,000, while current assets fell by 31% to £300,000. Bank borrowings were reduced by a substantial 69%, dropping to £72,000, and creditors also decreased by 25% to £140,000. However, trade debtors increased significantly, rising by 64% to £25,000. The company’s small size—meeting two of three criteria for being considered small—helps it remain flexible, but the decline in current assets and cash reserves suggests it might be burning through money. The number of employees has also decreased by 29% to five. The company’s accounts are unaudited, as it is exempt from an audit due to its size.

Overall, Maguire Boats Ltd appears to be a specialist business facing some financial headwinds. While its niche focus and online presence offer potential, it needs to manage its cash flow and potentially explore new revenue streams to ensure long-term sustainability.

Registered in England/Wales under the registration number 09556309, with a registered address at BH25 5NN, England, New Milton, 18 Queensway.

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