Westport Marine Limited

Westport Marine Ltd from Plymouth, UK, is a small, active company founded 17 years ago in 2007. With just £14,538 in assets and a real address, it’s a solo-founded operation managed by one director and owner. The company is an irregular importer, primarily dealing in ships, boats, and floating structures, with just one month of import activity recorded as of March 2022.

Westport Marine’s website showcases a range of practical and attractive boats designed for family fun. From the Pilot4, launched in 2006, to the Sport3 and Sport4, the company focuses on building and selling boats suitable for various waters and activities. The website highlights the company’s commitment to simple lines, practical layouts, strength, and performance. It also offers boat tests and details about its classic Pilot models. The company even has a rowing boat line.

Financially, Westport Marine Ltd shows some concerning trends. Net assets decreased significantly, dropping to -£8,100, and cash reserves are at a low £8,800. Bank borrowings also decreased. Creditors increased by 55%, which could be a sign of increased operational costs. The company’s small size (meeting two of three conditions for being considered small) helps it remain agile, but the decline in equity is a cause for concern. The company is exempt from an audit, so the figures are unaudited.

While the company’s website suggests a focus on building and selling boats, the financial data paints a picture of a business facing financial pressures. Whether the company can sustain its operations and continue to deliver its range of boats remains to be seen.

Registered in England/Wales under the registration number 06376015, with a registered address at PL4 7BZ, England, Plymouth, Devon, Unit 2 Connaught Lane, Mutley.

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