Ropewalk Limited

Ropewalk Limited, based in Lymington, UK, is a small, active company founded fifteen years ago in 2009. With nine employees and a real registered address, it operates as a Volvo Penta dealer and marine engineering business. The company has two directors and two owners, and while it imports clothing and accessories irregularly (one month of activity), it’s a regular exporter of machinery, boilers, and mechanical appliances (seven months of activity). It’s a real business, not a virtual one, even though 104 companies share the same address.

The company’s website highlights its expertise in marine engine sales, repairs, and servicing. It's a one-stop solution for boat owners, offering everything from new engine sales to fuel treatment. Ropewalk Marine even has a showroom in Harrods, London. They’re a parts specialist, stocking over 100,000 items and offering delivery services. The company prides itself on its Volvo Penta dealership status and regular refresher training for its technicians. It’s a business that likes to talk to its customers, even if they're buying online.

Financially, Ropewalk Limited presents a mixed picture. Cash reserves have dramatically increased by 210% to £290,000, a really good sign. However, trade debtors have fallen by 34%, suggesting customers are paying slower. Creditors have increased significantly by 79%, and bank borrowings have also risen by 65%, which could be a concern. The company’s net assets have increased by 15% to £240,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited.

The increase in cash is a positive, but the rise in debt and slower customer payments could indicate a need to manage finances more carefully. Ropewalk Limited's focus on Volvo Penta products and its commitment to customer service seem to be paying off, but it's important to keep an eye on those rising debts.

Registered in England/Wales under the registration number 06999694, with a registered address at TR1 2NA, Truro, Cornwall, Lowin House, Tregolls Road.

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