Stirling And Son Limited

Stirling And Son Limited, based in Yelverton, UK, is a small, holding company with an active status. Founded twelve years ago in 2012, the company employs eleven people and operates from a real address. It’s led by three directors and has one owner, boasting a respectable Google rating of 4.0 based on five reviews. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with just one month of imports recorded as of August 2017.

The company's website reveals a focus on classic yacht restoration and wooden boat repair. Stirling and Son offers a comprehensive range of services, from repairs and restorations to new builds and even the sale of boat plans and clinker dinghies. They also have two boatyards, one in Plymouth and another in Cornwall, catering to a niche market of traditional boat enthusiasts. The website showcases past projects, highlighting their expertise in restoring and building a variety of vessels, from sailing yachts to motorboats.

Financially, Stirling And Son Limited presents a mixed picture. While net assets increased by 50% to £220,000, current assets dropped by 16% to £160,000. Bank borrowings surged by 130%, reaching £55,000, and cash reserves fell by 55% to £1,300. Creditors decreased by 73%, suggesting improved debt management, and trade debtors fell by a dramatic 100%, meaning no outstanding payments. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Stirling And Son Limited seems to be navigating a period of change. While the company’s core business—classic yacht restoration—appears to be thriving, the financial data suggests some challenges. The increase in bank borrowings and decrease in cash reserves could indicate increased investment or operational expenses, but the decrease in trade debtors is a positive sign.

Registered in England/Wales under the registration number 08092040, with a registered address at PL20 7LG, England, Yelverton, Devon, Crapstone Barton, Buckland Monachorum.

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