Wight Shipyard Company Limited

Wight Shipyard Company Limited, based in Fareham, UK, is a large, active company founded eight years ago. Employing 62 people and boasting £7,323,784 in assets, it operates from a virtual address, managed by five directors and a single owner, who is also the solo founder. The company enjoys a stellar 5.0 Google rating based on nine reviews. It's a regular importer and exporter of electrical machinery and equipment, with 81 months of import activity and 5 months of export activity recorded.

The company specializes in building, refitting, and repairing ships and floating structures, with a particular focus on high-speed craft and aluminium shipbuilding. Wight Shipyard Co operates from Venture Quays in East Cowes, Isle of Wight, and has a strong reputation for innovation and quality, building vessels for clients like Uber Boat by Thames Clipper and Jacobite Cruises. Its website highlights expertise in aluminium shipbuilding, luxury yacht revival, and workboat solutions, showcasing a commitment to cutting-edge design and construction.

Financially, Wight Shipyard Company Limited presents a mixed picture. While revenue remained steady at £14 million, net assets decreased by 25% to £8.9 million. Cash reserves plummeted 58%, falling to £49,000, while bank borrowings increased by 67%, reaching £190,000. Creditors also rose by 6.5%, reaching £5.3 million. Despite these challenges, the company's assets increased by 55%, reaching £7.3 million, and staff numbers surged 81%, reaching 110. The lack of an auditor mentioned suggests the company is exempt from mandatory audits. The company’s large size (meeting two of three criteria for a large company) and significant assets indicate a substantial operation, but the decline in cash reserves and increase in debt raise concerns about its short-term financial health. The company’s continued growth in staff numbers, however, suggests ongoing investment and expansion.

Registered in England/Wales under the registration number 10333818, with a registered address at PO16 7BB, United Kingdom, Fareham, Hampshire, Kintyre House, 70 High Street.

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