Underwater Explorers Limited

Underwater Explorers Ltd, based in Bournemouth, UK, is a small, active company established 19 years ago. With five employees and £475,556 in assets, it operates from a virtual address—a fact highlighted by the presence of 45 other companies registered at the same location. The business is run by two directors and a solo founder, Wallace Liisa. It regularly imports and exports toys, games, and sports equipment, with 34 months of import activity and 65 months of export activity recorded.

The company’s website, DirDirect.com, reveals a multifaceted operation. While the core business involves retail via instore sales and online shop, the website showcases a dive shop specializing in high-end equipment and services. It caters to both local divers and international customers, offering a wide range of products, from scuba gear to gas fills and kit hire. The site also provides valuable resources, such as a Chesil Cove dive guide and news updates. The company even has a showroom in Harrods, London.

Financially, Underwater Explorers Ltd shows some concerning trends. Cash bank dropped by 13% to £170,000, while debtors surged by a staggering 990% to £89,000. Creditors also increased, by 2.8% to £45,000. On a positive note, current assets rose by 19% to £480,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debtors suggests potential payment issues. The lack of an auditor (likely exempt as a small company) means the figures rely on unaudited director reports.

Overall, Underwater Explorers Ltd appears to be a well-established dive shop with a strong online presence, but the financial data indicates a need for careful management of cash flow and debt collection.

Registered in England/Wales under the registration number 05591766, with a registered address at BH2 5QY, Bournemouth, Midland House, 2 Poole Road.

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