Newmill Fishing Limited

Newmill Fishing Ltd from Lanark UK: a small, active company founded 17 years ago, employs nine people, and holds £1,166,538 in assets. It operates from a virtual address, has five directors, two owners (likely a family business), and boasts a respectable Google rating of 4.0 based on 146 reviews. The company is a regular importer of toys, games, and sports equipment, with 49 months of import activity recorded.

The company’s primary focus appears to be a combined fishing and camping business, operating Newmill Trout Fishery and Camping in Lanark. The website highlights seven ponds, a coarse fishery, and a fishing tackle shop. It also offers six basic camping pods, catering to both serious anglers and those seeking a relaxing getaway. The business has a long history, dating back to 50 years ago with the associated Newmill Pianos business, which specializes in high-end piano restoration and even has a showroom in Harrods.

Financially, Newmill Fishing Ltd presents a mixed picture. While cash reserves have increased significantly, jumping 120% to £600,000, other areas show concerning trends. Current assets have risen by 9.1% to £1,200,000, but net assets only increased by 10% to £260,000. Trade debtors have plummeted 48% to £34,000, suggesting improved collection rates, however, bank borrowings have increased, and the number of employees has decreased by 22% to seven. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the decrease in employees could be a sign of operational challenges. The financial statements are unaudited, and no auditor is mentioned.

Overall, Newmill Fishing Ltd seems to be navigating a period of change. The strong cash position is encouraging, but the decline in employee numbers and the need for careful debt management suggest a need to focus on efficiency and sustainability.

Registered in Scotland under the registration number SC322151, with a registered address at ML11 9DB, Lanark, The Mechanics Workshop, New Lanark.

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