Reddish Marine Limited

Reddish Marine Ltd from Plymouth UK is a small, family business founded 20 years ago, currently active and employing five people. With £192,605 in assets and a virtual address, the company operates with three directors and two owners. It’s an irregular importer, primarily dealing in ships, boats, and floating structures, with its last import operation occurring one month ago in May 2022.

The company’s website showcases a diverse range of services and products, from sales of Ranieri boats and engines to storage, maintenance, and moorings. It’s clearly geared towards boat owners, offering everything from engine sales to seasonal storage packages and even disaster recovery services. The website emphasizes a personal touch, highlighting the team's expertise and commitment to making boating easy for customers. It’s a real family business, based right in the heart of Salcombe, accessible by water or road.

Financially, Reddish Marine Ltd presents a mixed picture. Current assets have decreased by 29%, dropping to £190,000, while net assets have fallen by 7.9%, now at £140,000. Cash reserves have also declined by 18%, sitting at £47,000. However, creditors have seen a significant reduction of 49%, dropping to £76,000, which could indicate improved debt management. Trade debtors have also fallen, by 39%, to £67,000. The company qualifies as small, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Despite this, the decline in equity and cash reserves suggests a need for careful financial management, though the reduction in creditors is a positive sign. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 05437369, with a registered address at PL7 5JX, England, Plymouth, Devon, C/O Mark Holt & Co 7 Sandy Court, Ashleigh Way, Langage Business Park.

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