Refit International Ltd

Refit International Ltd is a small, active company based in Southampton, UK, founded four years ago in 2020. With £389,454 in assets and a virtual address (shared by nineteen other companies), it operates with a lean team of two employees, overseen by a single director and owner. The company is a solo founder. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company specializes in marine engineering outfitting, providing services and hardware to yachts and commercial vessels. Its website highlights a team of specialists offering installation, servicing, and certification for leading brands like Harken. It also offers fabrication, glass work, hydraulics, and upholstery services, catering to both new builds and refits. The company boasts a mobile team of technicians and even has a showroom in Harrods, London. It’s a irregular importer, with its top import category being Clothing and accessories, not knitted or crocheted, totaling 1 months of imports. The last import operation was conducted on May 01, 2024. It’s a irregular exporter, with its top export categories including Miscellaneous metal items, totaling 2 of months exports. The last export operation took place on October 01, 2023.

Financially, Refit International Ltd’s recent performance presents a mixed picture. Current assets increased significantly, jumping 5700% to £390,000, while bank borrowings rose to £2,600. However, cash reserves decreased by 66%, dropping to £16,000. Creditors surged 760%, reaching £320,000, and net assets increased to £88,000. The company’s debt increased a lot. The company is small, but the increase in debt is concerning. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Refit International Ltd appears to be navigating a period of growth, but the increase in debt and decrease in cash reserves warrants close monitoring. The company’s focus on specialized marine services and its established relationships with leading brands suggest a solid foundation, but sustaining this growth will require careful financial management.

Registered in England/Wales under the registration number 12978824, with a registered address at SO14 3XB, England, Southampton, Enterprise House, Ocean Way.

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