Powerboat Marine Ltd

Powerboat Marine Ltd from Littlehampton UK is a small, active company founded eight years ago in 2017. It employs nine people and holds £1,094,150 in assets, operating from a real address in Littlehampton. With a single director and owner – a solo founder – the company regularly imports ships, boats, and floating structures, having done so for twelve months, with the latest import occurring in June 2024.

The company’s website reveals a broader scope than just marine sales. It operates Littlehampton Marina, offering boat moorings, storage, and a range of services including boat lifting, fueling, and hull cleaning. The marina also hosts a variety of local businesses, from a marine supply shop to a brokerage and even self-storage units. It’s a family-run operation with a charming, characterful atmosphere, catering to both recreational boaters and commercial customers.

Financially, Powerboat Marine Ltd presents a mixed picture. Cash bank on hand has dramatically decreased by 83%, falling to £32,000. Bank borrowings have increased significantly, rising by 95% to £94,000, while finished goods have increased by a large 280% to £950,000. Creditors have also seen a huge increase of 270% to £880,000. Despite these challenges, trade debtors have increased by 310% to £120,000. 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. No auditor is mentioned, likely due to the company’s small size.

Overall, Powerboat Marine Ltd appears to be navigating a period of change. While the marina business seems to be thriving, the company’s financial figures suggest it’s burning through cash, and the increase in debt raises concerns. The company’s future likely depends on its ability to manage its finances and capitalize on the demand for its marina services and marine supplies.

Registered in England/Wales under the registration number 10749234, with a registered address at BN17 5DS, England, Littlehampton, Unit 3a Ferry Road.

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