River Canal Rescue Limited

River Canal Rescue Ltd from Stafford, UK, is a small, active company founded 24 years ago in December 2000. Employing 30 people, the firm holds £829,317 in assets and operates from a real address. With six directors and two owners—Horton Stephanie Lea and Forman Trevor William—the company boasts a solid 4.0 Google rating based on 161 reviews. It’s an irregular importer, primarily dealing with ships, boats, and floating structures, with the last import operation recorded just one month ago.

The company’s website highlights its core business: providing marine breakdown assistance across the UK's waterways. River Canal Rescue positions itself as the only nationwide service, offering an engineer on-site for up to two hours to resolve engine-related issues. Memberships, starting at £75 annually, include replacement parts and offer comprehensive coverage. Beyond breakdown assistance, the site promotes a WaterNav app for navigation, replacement parts, and even engine servicing and inspections. A separate division, Canal Contracting, handles services outside of the core membership, while BilgeAway filters address environmental concerns related to bilge discharge.

Financially, River Canal Rescue Ltd presents a mixed picture. While net assets decreased by 19% to £320,000, cash reserves increased significantly by 750% to £94,000. Debtor levels decreased by a considerable 41%, suggesting improved collection efforts. However, bank borrowings increased by 2,400% to £7,500. Creditors remained relatively stable. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the decrease in equity warrants further scrutiny. No auditor is mentioned, consistent with its status as a small, exempt company.

Overall, River Canal Rescue Ltd seems to be navigating a period of change. While its core business appears strong, the financial figures indicate some challenges. The company's focus on niche services and customer support suggests a strategy aimed at building loyalty and weathering potential economic headwinds.

Registered in England/Wales under the registration number 04126409, with a registered address at ST18 0YJ, England, Stafford, Unit 11 Tilcon Avenue.

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