Traditional Boat Supplies Limited

Traditional Boat Supplies Ltd, based in Bristol, UK, is a small, family-run business with an active status. Founded nine years ago in 2016, the company employs just one person and holds £34,674 in assets. It operates from a real address and is managed by three directors and two owners. The business runs an e-commerce site, offering a range of traditional boat supplies. It’s an irregular importer of textile padding, felt, and nonwoven fabrics, ropes, and cables, with its last import activity recorded in March 2024. It also exports machinery, boilers, and mechanical appliances, with its last export in September 2024.

The company's website showcases a wide selection of products, from caulking irons and paints to marine glues and shipwrights' tools. It caters to both shipyards and individuals, offering a mail-order service with worldwide coverage and next-day delivery on many items. The site highlights a commitment to customer service and encourages feedback through product reviews and social media. A "popular products" section features items like a Tideway boat with a trailer and deck lights.

Financially, Traditional Boat Supplies Ltd presents a mixed picture. While current assets increased by 20% to £35,000, net assets decreased by 18% to -£37,000. Cash bank on hand dropped to zero, a significant change from the previous year’s £910. Creditors increased by 16% to £56,000, and intangible assets declined by 33% to £18,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in equity is a concern. As a small company, it's likely exempt from an audit, so the figures are unaudited.

It appears that the company is struggling to maintain profitability, despite its online presence and focus on niche products. The drop in cash reserves suggests it’s burning through money, and the increase in creditors points to potential cash flow challenges. While the business has a solid foundation in traditional boat supplies, it will need to address these financial pressures to ensure long-term sustainability.

Registered in England/Wales under the registration number 09963959, with a registered address at BS6 6LY, England, Bristol, 8 Ashgrove Road, Redland.

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