Wessex Marine Limited

Wessex Marine Limited is a small, active company based in Poole, UK, founded seven years ago in December 2017. It employs seven people and holds £8,003,698 in assets. The company has a real registered address and is led by two directors, with one owner—the solo founder, Adams Phillip David. It’s a regular importer, specializing in ships, boats, and floating structures, with 31 months of import activity recorded, the latest in November 2024.

The company’s website showcases two distinct brands: Targa and Marex. Targa boats are described as "The Original 4 x 4 of The Sea," offering eight models ranging from 23ft to 46ft, while Marex boats are lauded as award-winning Norwegian designs, available in five models from 31ft to 44ft. A third brand, Levi, is also featured, reimagining serious sportsboating with timeless style. The website’s focus is clearly on premium boat sales, with an emphasis on quality and craftsmanship, and a contact form for customers to reach out.

Financially, Wessex Marine Limited shows a mixed picture. Current assets increased by 12% to £8,000,000, while net assets grew by 26% to £5,400,000. Cash reserves increased by 4.5% to £4,300,000. However, trade debtors decreased by a significant 32%, suggesting potential issues with customer payments. Bank borrowings decreased by 24%, and creditors decreased by 4.7%. 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 decrease in debtors warrants attention. No auditor is mentioned, likely due to the company’s small size and exemption from audit.

Overall, Wessex Marine Limited appears to be financially stable, with growing assets and cash reserves. However, the decrease in trade debtors could be a cause for concern. The company’s focus on premium boat brands and its strong online presence suggest a solid foundation for future growth, but keeping a close eye on customer payments will be important.

Registered in England/Wales under the registration number 11101284, with a registered address at BH14 8JR, England, Poole, Salterns Marina, Salterns Way.

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