Abersoch Boatyard Limited

Abersoch Boatyard Ltd from Gwynedd UK: a small, active company established 52 years ago, employs 10 people, and holds £878,396 in assets. Based at a real address, it’s managed by four directors and owned by two individuals, making it a family business with a stellar Google rating of 5.0 based on 26 reviews. The company irregularly imports clothing and accessories made by knitting or crocheting, with just one month of imports recorded as of March 2023.

The company’s website, abersochboatyard.com, showcases a wide range of men's, women's, and kid's clothing, including popular brands like Helly Hansen and Dubarry. It operates as a retail outlet, selling clothing and accessories online, and boasts a “pick of the week” section highlighting new arrivals. The site also includes a webcam, weather and tide times, and a mailing list sign-up for exclusive offers, demonstrating an effort to engage with customers and promote its products.

Financially, Abersoch Boatyard Ltd shows a mixed picture. Current assets decreased by 11.7% to £880,000, while net assets fell 6.5% to £1,400,000. Cash reserves dropped 12% to £690,000, and trade debtors increased significantly by 280% to £12,000, suggesting potential issues with customer payments. However, creditors decreased by 22% to £100,000, indicating 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) allows for agility, but the decrease in equity raises questions. As a small company, it’s likely exempt from an audit, and the financial statements are unaudited.

Overall, Abersoch Boatyard Ltd appears to be a well-regarded, family-run business facing typical challenges associated with managing cash flow and maintaining profitability. It's a bit unclear how the irregular imports of knitted and crocheted goods fit into the broader retail strategy, but the company’s online presence and strong customer reviews suggest a commitment to serving its local community and beyond.

The company operates in Retail → Clothing Stores.

Registered in England/Wales under the registration number 01089833, with a registered address at LL53 7AR, Gwynedd, The Saltings, Abersoch.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.