Penrose Sailmakers Limited

Penrose Sailmakers Ltd from Falmouth, UK, is a small, active company founded fifteen years ago in 2009. Employing six people and holding £174,415 in assets, it operates from a virtual address, managed by a solo founder who also serves as director and owner. The company boasts a stellar 5.0 Google rating based on seven reviews, a testament to its reputation. It regularly imports textile products, sets, used clothing, and rags—a consistent pattern over the last three months—while occasionally exporting machinery and mechanical appliances, with just one month of export activity recorded.

The company’s website highlights its expertise in sailmaking, offering a range of services from racing sail design and construction to yacht upholstery and repairs. Established in 1825, Penrose Sailmakers has a long history, now drawing on over 100 years of combined experience from its team of six sailmakers and fitters. The website also showcases a partnership with Pendennis Shipyard and Rustler Yachts, underscoring its commitment to quality and precision. The site’s focus is on performance sails, yacht covers, and upholstery, catering to both racing and cruising yachts.

Financially, Penrose Sailmakers Ltd presents a mixed picture. Current assets decreased by 22% to £170,000, while net assets increased by a significant 160% to £69,000. Bank borrowings have fallen dramatically by 76% to just £13,000—a positive sign. However, cash reserves have also declined by 34% to £87,000. Creditors decreased by 25%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There's no auditor mentioned, which is typical for a small, exempt company.

Overall, Penrose Sailmakers Ltd seems to be navigating a period of change. While asset values have fluctuated, the reduction in debt and the growth in equity suggest a degree of financial stability. The company’s long history, skilled workforce, and focus on quality position it well for continued success, although keeping a close eye on cash flow will be important going forward.

Registered in England/Wales under the registration number 07079400, with a registered address at TR11 3XA, England, Falmouth, Cornwall, Maritime House, Discovery Quay.

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