Vita Yachts Ltd

Vita Yachts Ltd, based in Edinburgh, UK, is a small, active company founded eight years ago. With 14 employees and £2,190,291 in assets, it operates from a virtual address, a fact highlighted by the presence of 140 other companies registered at the same location. The company is managed by four directors, though no individual owners are currently listed. Vita Yachts Ltd regularly imports and exports electrical machinery and equipment, with a history of 80 months of imports and 43 months of exports.

The company’s core business revolves around electric marine technology, as evidenced by its website, Vita Power. It develops and integrates high-performance electric propulsion systems for both commercial and recreational marine applications, partnering with Maserati for design and engineering. The website showcases a range of electric workboats and emphasizes the benefits of electric power: zero emissions, noise reduction, and rapid charging capabilities. It even has a separate division, Vamp Marine Limited, which further expands its marine offerings.

Financially, Vita Yachts Ltd presents a mixed picture. While current assets decreased by 47% to £2,200,000, debtors increased by 28% to £2,000,000. Equity took a significant hit, plummeting 57% to -£15,000,000, and net assets fell 65% to £1,500,000. Bank borrowings increased, and cash reserves dropped by 93% to just £180,000. 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 agility, but the substantial equity decline and cash burn are concerning. The lack of an auditor is typical for a small company, and the unaudited figures require careful interpretation. Despite the financial pressures, Vita Yachts Ltd appears to be actively pursuing its electric marine technology vision, although its long-term sustainability will depend on its ability to secure funding and generate profits.

Registered in Scotland under the registration number SC555369, with a registered address at EH3 8RY, Scotland, Edinburgh, Level 5, 9 Haymarket Square.

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