Vetus Limited

Vetus Limited, based in Hamble, Southampton, UK, is a small, active company founded 37 years ago in 1987. With nine employees and £330,481 in assets, it operates from a real address and is led by one director and one owner. The company runs an e-commerce site and regularly imports optical and medical tools and devices (four months of imports, last in September 2023) while exporting machinery, boilers, and mechanical appliances (twelve months of exports, last in March 2024).

The company’s website, Vitesse Marine Ltd, functions as a distributor of marine equipment, offering a wide range of products from brands like MG Duff, Vetus International, and Jabsco. It caters to both retail and wholesale customers, with a focus on anchoring, deck fittings, engine room equipment, and paint coatings. The site’s extensive catalog and brand selection suggest a well-established presence in the marine supply industry.

Financially, Vetus Limited’s recent performance presents a mixed picture. While current assets increased by 18% to £330,000, property, plant, and equipment decreased by 83% to £2,200. Creditors increased by 52% to £120,000, and bank borrowings surged by 63% to £130,000. Despite these pressures, net assets grew by 8% to £220,000. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the significant changes in property and debt levels warrant attention. The company’s unaudited accounts, exempt due to its size, rely on director-reported data.

The rise in bank borrowings and creditors suggests the company is possibly investing in growth or facing short-term cash flow challenges. The decrease in property, plant, and equipment could be due to depreciation or disposals, but it’s worth investigating further. With no auditor mentioned, the financial picture relies on the company’s own reporting.

Registered in England/Wales under the registration number 02154527, with a registered address at SO31 4RA, Hamble, Southampton, Hampshire, 5 Compass Point, Ensign Business Park Ensign Way.

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