Victoria Wharves Limited

Victoria Wharves Limited, based in Plymouth, UK, is a medium-sized holding company with an active status. Established 29 years ago in 1995, it employs 52 people and holds assets valued at £28.2 million. The company generates £10.66 million in yearly revenue and has a real address. It’s managed by four directors and owned by three individuals, including Lynch Liam Bernard, Gatehouse Mark Alexander Vernon, and Victoria Group Holdings Ltd. It boasts a stellar 5.0 Google rating from 34 reviews. Victoria Wharves Limited irregularly imports electrical machinery and equipment, with the last import operation occurring one month ago.

The company primarily operates as a cargo handling service for water transport activities, a niche market that requires specialized expertise and infrastructure. While no website is available to analyze, the nature of its business suggests a focus on B2B transactions rather than direct consumer sales.

Victoria Wharves Limited's financial health presents a mixed picture. While cash bank on hand increased significantly by 96%, other key metrics show decline. Net assets decreased by 9%, and net current assets also fell by 11%. Bank borrowings surged by 2,400%, indicating a reliance on external financing. Despite this, creditors decreased by 18%, suggesting improved debt management. The company meets the criteria for a medium-sized company, with turnover under £36 million, balance sheet total under £18 million, and fewer than 250 employees. The lack of an auditor mentioned likely reflects its status as a small company, and the figures are unaudited.

The company’s increased borrowing could be a response to rising operational costs or investment in infrastructure. The decline in net assets, however, warrants further scrutiny, and it’s possible that the company is burning through cash faster than it’s generating revenue. The directors appear to be managing debt effectively, but the long-term sustainability of the business will depend on its ability to improve profitability and generate positive cash flow.

Registered in England/Wales under the registration number 03104926, with a registered address at PL4 0RF, Plymouth, Devon, Victoria Wharf, Cattedown.

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