Stayinphase Limited

Stayinphase Ltd from Somerton UK is a small, active company founded 14 years ago in 2010. With three employees and £682,240 in assets, it’s a family business operating from a real address in Somerset. Two directors and two owners manage the company, which is currently undergoing a period of change. Regular imports of iron or steel products have occurred over the last three months, while exports of machinery, boilers, and mechanical appliances—parts have been ongoing for a substantial 29 months.

The company’s website highlights a specialized focus: designing, manufacturing, and installing winch systems and related sail handling systems for racing and super yachts. It caters to a high-end market, emphasizing personalized service and working as part of a team. The website also mentions a history of working with prestigious racing yachts, including Comanche and Bella Mente, suggesting a reputation for quality and performance.

Financially, Stayinphase Ltd’s report reveals a mixed picture. While current assets are up slightly at £680,000, net assets have fallen significantly by 26% to £390,000. Bank borrowings have increased substantially, reaching £29,000, and cash reserves have decreased by 7.5% to £530,000. Creditors have also risen dramatically, increasing by 180%. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the drop in equity is a concern. The company’s financial statements are unaudited, as it is exempt from audit as a small company.

It’s clear that Stayinphase Ltd is navigating a period of change, balancing its specialized winch systems business with its financial performance. Whether the company can maintain its high-end reputation while addressing these financial pressures remains to be seen.

Registered in England/Wales under the registration number 07429001, with a registered address at TA11 6SB, England, Somerton, Somerset, Unit 7 Canvin Court, Bancombe Road Trading Estate.

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