Sanders Sails Limited

Sanders Sails Ltd from Lymington UK: a small, family-run company, currently active, was founded 21 years ago. With 22 employees and £1,313,238 in assets, it operates from a real address and is managed by four directors and two owners. Sanders Sails Ltd regularly imports treated or layered fabrics for industrial use—a practice spanning 15 months—and exports various textile products, sets, used clothing, and rags, with 19 months of export activity recorded.

The company's core business revolves around sailmaking, as evidenced by its presence in Lymington, a town known for its maritime heritage. However, a quick look at their website reveals a broader scope, encompassing services like canvas work, upholstery, and general repairs for boats and marine equipment. They also offer a range of marine accessories and clothing, suggesting a one-stop shop for boat owners. The website is simple and functional, prioritizing clear product listings and contact information over flashy design—a typical approach for a business focused on practical solutions.

Financially, Sanders Sails Ltd presents a mixed picture. While current assets increased by 14% to £1,300,000, net assets also rose by 16% to £1,200,000, indicating a healthy growth. However, bank borrowings increased by 2,400% to £29,000, and cash reserves decreased by 30% to £28,000, suggesting a reliance on credit. Trade debtors increased by 890%, which could mean delayed customer payments or expanded credit terms. The company’s small size—meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—helps it maintain agility. With no auditor mentioned, the figures rely on unaudited statements.

The decrease in average employees reported during the period is noticeable, dropping from 22 to 16—a 27% reduction. This could be due to seasonal fluctuations in demand, restructuring efforts, or perhaps a shift towards automation. It's a trend worth monitoring in future reports. Overall, Sanders Sails Ltd appears to be a stable, family-run business navigating the challenges of a competitive market, and its long history in the area suggests a strong reputation and loyal customer base.

Registered in England/Wales under the registration number 04927043, with a registered address at SO41 3RU, Lymington, Hampshire, SANDERS SAILS, Bath Road.

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