Spinnaker Chandlery Limited

Spinnaker Chandlery Ltd, based in Bembridge, UK, is a small, active company founded ten years ago. Employing eight people and holding £799,140 in assets, it operates a thriving e-commerce site and maintains a stellar 5.0 Google rating from 112 reviews. The company is a irregular importer, primarily dealing in footwear and related items, with the last import activity recorded just one month ago in September 2024. It has a real address and is overseen by two directors and one owner.

The company’s website showcases a well-stocked chandlery, offering a wide range of marine equipment, clothing, and accessories. It seems to cater to both recreational and commercial boaters, with a focus on quality products and helpful customer service. The site’s design is clean and user-friendly, reflecting a modern e-commerce approach.

Financially, Spinnaker Chandlery Ltd appears to be in a reasonably healthy position. Current assets have increased by 9.7% to £800,000, while net assets have grown by 20% to £230,000. Cash reserves have also seen a healthy boost, rising 15% to £350,000. Trade debtors have increased by 25%, suggesting a possible expansion in credit terms or delayed payments. Creditors have also risen, but at a more moderate 6.2%. The company’s small size—meeting two of three criteria for a small company—allows for agility, and the increase in equity suggests retained earnings are being reinvested. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The growth in assets and cash reserves is encouraging, but the increase in debtors should be monitored. Overall, Spinnaker Chandlery Ltd seems to be navigating the market well, leveraging its online presence and strong customer reviews to drive growth.

Registered in England/Wales under the registration number 09254665, with a registered address at PO35 5NR, Bembridge, Isle Of Wight, Spinnaker Chandlery, Embankment Road.

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