Setag Yachts Ltd

Setag Yachts Ltd, based in Plymouth, UK, is a small holding company with an active status, established four years ago in December 2020. Employing twelve people, the company holds assets valued at £624,877 and operates from a real address, managed by two directors and one owner. Setag Yachts is a regular importer, specializing in textile padding, felt, nonwoven fabrics, special yarns, ropes, and cables, with recent imports recorded in November 2024. It also engages in irregular exporting of electrical machinery and equipment, with the last export occurring in February 2025.

The company’s website showcases its expertise as design and refit specialists for yachts, offering services ranging from interior stabilization to natural stone surfaces and even silent night international refit services. They've recently expanded into Europe, opening a new facility in Denia, Spain, to better serve yacht owners in the Mediterranean. The website highlights a commitment to sustainability and a "third way" approach, emphasizing a blend of tradition and innovation. Setag also actively seeks customer feedback, encouraging subscriptions to their newsletter and showcasing testimonials from satisfied clients, including high-profile yacht owners and industry experts.

Financially, Setag Yachts Ltd presents a mixed picture. Current assets have decreased by 30%, dropping to £620,000, while net assets have dramatically improved, jumping 100% to £4,600. Bank borrowings have decreased by 61%, settling at £340,000, and cash reserves have increased by 36%, reaching £490,000. Trade debtors have significantly decreased by 80%, falling to £94,000, suggesting improved collection practices. Creditors have also decreased by 31%, settling at £160,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the significant changes in assets and liabilities indicate a period of adjustment. As a small company, Setag Yachts Ltd is exempt from an audit, relying on unaudited financial statements.

Registered in England/Wales under the registration number 13096558, with a registered address at PL4 0LP, England, Plymouth, Devon, Unit 5 And 9 Atlantic Building, Queen Annes Battery.

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