Richardsons Yacht Services Limited

Richardsons Yacht Services Ltd from Hampshire UK is a small, active company founded 19 years ago. Employing 20 people, it holds £590,942 in assets and operates from a virtual address – twenty companies registered at the same location. The business, a family operation with a solo founder, boasts a perfect 5.0 Google rating from ten reviews. It’s an irregular importer of electrical machinery and equipment, with just one month of imports recorded as of February 2023.

The company’s website highlights its comprehensive range of services for boat owners, from building and repairs to chandlery and engineering. It’s a one-stop facility for craft up to 50 tons, located at Island Harbour Marina on the Isle of Wight. The site emphasizes a team of skilled craftsmen and a commitment to customer service, with testimonials praising their work. The company even has a Trustpilot page, encouraging customers to leave reviews.

Financially, Richardsons Yacht Services Ltd shows some interesting trends. Current assets increased by 6.6% to £590,000, while net assets grew by 5.1% to £500,000. Bank borrowings remained stable, and cash reserves increased slightly. However, trade debtors decreased by 10%, suggesting slower customer payments. The company meets the criteria for a small business – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – and is exempt from an audit. The lack of an auditor means the figures are unaudited.

Overall, Richardsons Yacht Services Ltd appears to be in a reasonably healthy position, benefiting from its established reputation and skilled workforce. The slight decrease in debtors is something to keep an eye on, but the company’s strong customer reviews and comprehensive service offerings suggest a stable future.

Registered in England/Wales under the registration number 05520742, with a registered address at BH25 6JX, Hampshire, 36a Station Road, New Milton.

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