Pearl Yachts Ltd

Pearl Yachts Ltd, based in Warwick, UK, is a large, active company founded twelve years ago in 2012. Employing six people and boasting assets of £23,578,692, it’s a significant player in the yacht building industry. With four directors and a solo founder, the company holds a respectable Google rating of 4.0 based on fourteen reviews. Pearl Yachts regularly imports clothing and accessories made by knitting or crocheting (four months of imports) and exports furniture, lighting, and prefabricated buildings (thirty-five months of exports).

The company specializes in the building of pleasure and sporting boats, operating in both the UK and overseas. Its registered address is a real address, shared by only one other company, suggesting a relatively low-profile operation. The company’s website isn’t available, making it difficult to assess its e-commerce presence or marketing strategies.

Financially, Pearl Yachts Ltd shows a mixed picture. While current assets increased by 12% to £24 million, net assets increased by 6.2% to £16 million. However, bank borrowings increased by 24%, reaching £10 million, and cash reserves decreased by 33%, dropping to £6.4 million. Creditors also increased by 24%, reaching £10 million. The company’s employee count increased by 17%, to seven people. A significant increase in administrative expenses (51%) may be a cause for concern. The company’s auditor is BK Plus Audit Limited.

Despite these fluctuations, Pearl Yachts Ltd appears to be holding its own, benefitting from a strong brand and a niche market. The increase in administrative expenses, however, warrants closer monitoring to ensure long-term financial health. The company’s solo founder, Margaret Whittaker, remains at the helm, guiding the business through these evolving conditions.

Registered in England/Wales under the registration number 08068803, with a registered address at CV34 5DR, England, Warwick, Unit 4 St Georges Business Park, Lower Cape.

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