Yachts.co International Ltd

Yachts.co International Ltd, based in Swansea, UK, is a small, family-run business with an active trading status. Founded seventeen years ago in 2007, the company employs eight people and holds £2,009,493 in assets. It has a real registered address and four directors, with two owners listed – Tibbott Jamie and Tibbott Mark. The company regularly imports ships, boats, and floating structures, with nineteen months of import activity recorded, the latest in April 2024. It also exports these items, though less frequently, with two months of export activity, the last in May 2024.

The company’s website showcases a wide range of boats for sale, from Jeanneau sailboats to Merry Fisher powerboats and Zodiac inflatable boats. It also offers services like conveyancing paperwork, marine servicing, and part exchange. The website is well-organized and easy to navigate, with detailed specifications and high-quality photos for each boat. It also has a blog with news and events, as well as customer testimonials.

Financially, Yachts.co International Ltd shows some concerning trends. Current assets decreased by 23%, falling to £2,000,000, while cash reserves plummeted 16%, dropping to £540,000. Trade debtors also declined by 35%, reaching £740,000. However, creditors decreased by 37%, falling to £1,200,000, 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 remain agile, but the decrease in current assets raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. The company’s loans to Euroyachts (Newco) Ltd, a company under the control of Mr J Tibbott, are interest-free and with no fixed term of repayment.

In short, Yachts.co International Ltd is holding steady but facing some financial pressures. Its diverse boat offerings and services, combined with its family-run heritage, provide a strong foundation, but careful management will be needed to navigate the current economic climate.

Registered in England/Wales under the registration number 06334549, with a registered address at SA1 1UP, Wales, Swansea, Unit 1, Fishmarket Quay Fishmarket Quay, Maritime Quarter.

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