Ramsgate Supplies Ltd

Ramsgate Supplies Ltd, based in Whitstable, UK, is a small, active company founded twelve years ago. Despite confirmation being overdue by three months, the firm employs three people and holds £66,134 in assets. It operates from a virtual address, managed by two directors and a solo founder, and is an irregular importer of machinery, boilers, and mechanical appliances, with recent activity in July 2024.

The company's website, Ramsgate Marine LTD, showcases a team of boat builders, marine engineers, and GRP fabricators offering a wide range of services, from building and repairing boats to engine installations and chandlery. They appear to be a family-run shipyard with nearly a century of combined experience, specializing in marine architecture, carpentry, and engineering. The site highlights a commitment to customer service and boasts a strong reputation, with testimonials and a Facebook page showcasing satisfied clients. They even offer Beta Marine installations.

Financially, Ramsgate Supplies Ltd presents a mixed picture. While current assets have increased by a substantial 41%, reaching £66,000, other indicators raise concerns. Net losses deepened considerably, and cash reserves have fallen significantly. Bank borrowings have also decreased, which could be a positive sign, but the overall trend suggests the company is burning through cash. Creditors have decreased, which is good, but the sharp decline in equity is a worrying sign. The company meets the criteria to be considered small, with turnover under £10.2 million and fewer than 50 employees. No auditor is mentioned, likely due to the company's small size.

It's clear that Ramsgate Supplies Ltd is facing financial pressures, despite its established reputation and skilled workforce. The company's ability to sustain its operations and continue serving the marine community will depend on its ability to manage its cash flow and navigate the challenges ahead.

Registered in England/Wales under the registration number 08399501, with a registered address at CT5 4HG, Whitstable, Kent, 99 Canterbury Road.

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