The Wet Works Limited

The Wet Works Limited, based in Maldon, UK, is a small, family-run business with an active status, celebrating 23 years since its founding in 08 May 2001. With just three employees and £254,021 in assets, it operates from a real address and is overseen by one director and two owners. The company enjoys a solid 4.0 Google rating from 31 reviews, a testament to its customer service. It's a regular importer and exporter of machinery, boilers, and mechanical appliances, with parts, with recent activity recorded in July 2024 for imports and July 2023 for exports. The business operates in the retail sector, specifically the other retail sale of new goods in specialised stores.

The company’s website showcases a wide range of marine supplies, from safety equipment like life jackets and flares to boat care products and electronics. It’s clearly an e-commerce operation, with a focus on serving both private and commercial clients. The site highlights a passion for finding unique and innovative products from around the world, often unseen in the UK, and offers specialized services like boat management support and educational confidence days for new boat owners. The Wetworks also services Super Yacht clients.

Financially, The Wet Works Limited presents a mixed picture. Cash bank on hand increased significantly by 52% to £160,000, a positive sign of liquidity. However, net assets grew by only 35% to £200,000. Trade debtors decreased substantially by 77%, suggesting improved collection of payments, while creditors increased by 11% to £55,000. There was a notable increase in corporation tax payable, growing by 85% to £18,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit. The unaudited financial statements rely on director-reported data.

Registered in England/Wales under the registration number 04212304, with a registered address at CM9 4GD, United Kingdom, Maldon, Essex, Office 12 Office 12 The Bentalls Centre, Heybridge.

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