West Wales Marine Limited

West Wales Marine Limited, based in Neyland, UK, is a small, active company with a trading status. Founded, the company employs four people and holds £230,000 in equity. With a real registered address and a director at the helm, it’s a relatively small operation. The firm’s import activity has been consistent, with 22 months of import activity recorded, the latest in December 2023.

The company’s website, West Wales Marine, focuses on marine services, including boat repairs, maintenance, and sales. They offer a range of services, from engine servicing to hull cleaning, catering to both private boat owners and commercial fishing vessels. The website highlights their experienced team, quality workmanship, and commitment to customer satisfaction—hallmarks of a reputable marine business. They also offer a range of marine equipment and parts, suggesting a retail component to their operations.

Financially, West Wales Marine Limited presents a mixed picture. Current assets increased by 10%, reaching £330,000, while net assets grew by 36%, reaching £230,000—a positive sign. Bank borrowings decreased by 3.8%, falling to £100,000, and cash reserves jumped 31%, rising to £120,000. Creditors decreased by 12%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the increase in debtors by 270% is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements prepared using IRIS Accounts Production software.

In short, West Wales Marine Limited is showing signs of health, with growing assets and improved cash flow. The increase in debtors, however, could indicate potential payment issues. The company's focus on marine services and its commitment to quality position it well in a niche market, but the financial figures warrant continued monitoring.

Registered in Wales under the registration number 11121706, with a registered address at SA73 1SE, Wales, Milford Haven, Pembrokeshire, Unit 45 Honeyborough Industrial Estate, Neyland.

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