Sailingfast Limited

Sailingfast Limited, based in Falkirk, UK, is a small, family-run business with an active status, established seven years ago. The company employs three people and holds assets totaling £389,069. It operates from a real address and is overseen by two directors and two owners. Sailingfast is a regular importer of toys, games, and sports equipment, with 11 months of import activity recorded, and an irregular exporter, with just two months of export activity.

The company's website reveals a comprehensive range of products and services catering to the sailing and watersports community. It's not just a retailer; it's a supplier of dinghies, paddleboards, and related equipment, with a strong focus on brands like Allen, Banks, Clamcleats, and RS Sailing. The website also features a section dedicated to ILCA dinghies, indicating a specialization in this popular class of sailboat. It’s clear that the business operates a retail website and offers a wide variety of products.

Financially, Sailingfast Limited’s report shows some concerning trends. Cash bank on hand decreased significantly by 68%, falling to £34,000. Trade creditors also decreased by 45%, dropping to £95,000, which could indicate improved debt management. However, bank borrowings increased by 6.8%, reaching £21,000. Net assets grew by 22%, reaching £160,000. 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 decrease in cash reserves, while concerning, could be due to investments in inventory or expansion, but it warrants closer monitoring. The company’s reliance on a single director and owner, while common in small businesses, also means the business is heavily reliant on their expertise and commitment.

Registered in Scotland under the registration number SC577224, with a registered address at FK1 2HN, United Kingdom, Falkirk, The Stables Farrenridge, Avonbridge.

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