Powerboats Limited

Powerboats Ltd, based in Southampton, UK, is a small, active company founded twenty years ago. With just one employee and £472,730 in assets, it’s a lean operation managed by a single director and owner. The company maintains a real address and regularly imports ships, boats, and floating structures – a consistent activity spanning four months, with the most recent import in August 2023. Export activity is less frequent, occurring just once in the past month, also involving ships, boats, and floating structures.

The company operates in the “other retail sale not in stores, stalls or markets” industry, and its website, Powerboats R Us, showcases a focus on Bayliner boats and related equipment. The site functions as a dealer and broker, selling both new and used boats, engines, and accessories. It even offers a showroom in Harrods, London. The website emphasizes a wide selection, competitive pricing, and a “Yorkshireman” approach – plain talking and ready to make a deal. It’s clear the company is trying to provide a comprehensive service for boat enthusiasts.

Looking at the financial data, Powerboats Ltd shows a mixed picture. Depreciation on computer equipment increased slightly, by 3.9%, while furniture fittings remained steady. Leasehold improvements saw a significant jump, up 260%, and motor vehicles increased by a staggering 1100%. The number of employees doubled from one to two. Bank borrowings decreased, with current instruments down 22% and non-financial instruments down 37%. However, creditors rose considerably, increasing by 180%, and cash reserves decreased by a significant 460000%. Despite these changes, the company’s small size (meeting two of three criteria for being a small company) allows for flexibility. There’s no mention of an auditor, likely due to the company’s small size and exemption from an audit.

Overall, Powerboats Ltd appears to be navigating a period of change. The increased import activity and rising creditors suggest growth, but the decrease in cash reserves could indicate tighter margins or increased investment. The company’s focus on Bayliner boats and its personable sales approach, as highlighted on its website, could be key to sustaining its business in the competitive boating market.

Registered in England/Wales under the registration number 05377321, with a registered address at SO31 7GY, England, Southampton, 177 Swanwick Lane, Swanwick.

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