Yachtnet Limited

Yachtnet Ltd from Cardiff, UK, is a small, active company established 18 years ago. Despite its longevity, the business is currently facing some financial challenges, with accounts overdue for two years and confirmation overdue by one year. The company employs just one person and holds assets valued at £38,914. It operates from a real address and is overseen by a single director and owner, running an e-commerce site with a stellar 5.0 Google rating based on six reviews. Yachtnet Ltd is an irregular importer of vehicles, parts, and accessories (excluding trains and trams), with recent import activity recorded two months ago.

The company specializes in yacht brokerage and boat sales, offering a range of services including inspections, photography, and detailed inventory listings for each boat. Their website showcases a variety of yachts for sale, from classic cutters to modern cruisers, with a focus on providing high-resolution photos and detailed descriptions. They also offer information on yacht surveying, osmosis prevention, and yacht delivery options, catering to both buyers and sellers. The website even features a section dedicated to classic yachts and offers bareboat or skippered yacht charters.

Financially, Yachtnet Ltd’s situation appears somewhat precarious. Accumulated depreciation has increased by 31%, and cash bank on hand has risen by a substantial 180%, but bank borrowings have surged, reaching £4000 and £36000. Creditors have also increased significantly, and net assets have plummeted by 580%, indicating a substantial drain on equity. The company’s small size (meeting two of three conditions to be considered small) helps it remain agile, but the significant equity decline raises concerns. While the company is exempt from an audit as a small business, the unaudited financial data paints a picture of a business facing financial pressures. The company’s irregular import activity and reliance on a single employee suggest a lean operation, but the financial challenges highlight the need for careful management.

Registered in England/Wales under the registration number 06248891, with a registered address at CF14 8LH, Cardiff, 06248891 - COMPANIES HOUSE DEFAULT ADDRESS.

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