South Coast Canoes Ltd

South Coast Canoes Ltd from Poole UK is a small, active company founded eleven years ago in 2014. It employs five people and holds £137,508 in assets, operating from a virtual address shared by ninety-four other companies. With four directors and a single owner, Rham Simon James, the company runs an e-commerce site and boasts a stellar 5.0 Google rating based on ninety-two reviews. It's an irregular importer, primarily dealing in toys, games, and sports equipment, with just one month of imports recorded back in 2021.

The company's website showcases a wide range of canoes, kayaks, SUPs, and watersports equipment, alongside clothing and accessories. It offers free shipping on orders over £25 and emphasizes expert advice and real people on the end of the phone—a nice touch. It’s clear they're targeting enthusiasts and those new to watersports alike, with blog posts offering guidance on everything from sea kayaking to choosing the right paddle.

Financially, South Coast Canoes Ltd is showing some concerning trends. Current assets have dropped by 20%, falling to £140,000, while net assets have plummeted 81%, leaving them at just £14,000. Bank borrowings have increased significantly, rising by 110% to £11,000, and cash reserves have fallen 64%, leaving just £15,000. Trade debtors have also decreased by 31%, which could mean they are having trouble collecting payments. The company’s small size (meeting two of three criteria for being a small company) means it doesn’t require an audit, so these are unaudited figures.

Despite the financial pressures, South Coast Canoes Ltd maintains a strong online presence and positive customer reviews. Whether it can weather these challenges and continue to serve the watersports community remains to be seen.

Registered in England/Wales under the registration number 08942829, with a registered address at BH12 1DY, United Kingdom, Poole, Dorset, Suite 8 Bourne Gate, 25 Bourne Valley Road.

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