Pontoon Works Limited

Pontoon Works Limited, based in Yeovil, UK, is a small, family-run business with an active status, celebrating 16 years since its founding. Employing 18 people, the company holds £1,529,562 in assets and operates from a real address. Two directors and two owners manage the business, which boasts a perfect 5.0 Google rating based on two reviews. Pontoon Works is an irregular importer, primarily dealing in ships, boats, and floating structures, with the last import operation occurring two months ago in June 2023.

The company specializes in providing safe access solutions for working on water, offering commercial hire, event hire, and technical services. Its website highlights expertise in constructing bridges, geotechnical projects, rail access, and water construction. They even offer pontoon transport barges and modular pump platforms. Pontoonworks prides itself on CSCS Skilled Worker accreditation and has a track record of working with leading construction and civil engineering companies. Customer testimonials praise their professionalism and ability to deliver solutions quickly and safely.

Financially, Pontoon Works Limited shows some interesting trends. Average employee numbers have increased by a significant 33%, rising to 24, while bank borrowings have decreased by 67% to £85,000. Cash reserves fell by 30% to £28,000, and net assets increased by 110% to £2.4 million. Trade payables increased by 35% to £34,000, which may indicate increased supplier costs. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The absence of an auditor, a common occurrence for small companies, means these figures are unaudited.

Despite the positive Google reviews and strong reputation for safety, the increase in employee numbers and trade payables may put a strain on the company. The decrease in bank borrowings, however, suggests improved financial management. Overall, Pontoon Works Limited seems to be navigating a period of growth, but keeping a close eye on expenses will be key to its continued success.

Registered in England/Wales under the registration number 06667302, with a registered address at BA20 1SH, England, Yeovil, Ground Floor, Maltravers House, Petters Way.

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