Atv Power Ltd

Aqua Superpower Limited is a small, active company based in Eastleigh, UK, founded four years ago in 2021. With £3,620,557 in assets and a real address shared by seven other companies, it employs thirteen people and is led by four directors, including Wilkinson Stewart Newbigging as the sole owner. The company’s primary focus is building a global marine charging network, partnering with marinas and destinations to support electric boat owners. It operates an e-commerce site and app, facilitating access to charging hubs and corridors across multiple countries. Recent press releases highlight advancements in bidirectional charging and the expansion of its network along the UK’s South Coast.

The company’s website showcases a focus on sustainability and innovation within the marine industry, offering solutions for boat owners and partners alike. It’s clear they are targeting a growing market for electric boat charging infrastructure. They even have a section for partners, which is good.

Financially, Aqua Superpower Limited presents a mixed picture. While current assets increased by 22% to £3,600,000, net assets plummeted 69% to -£5,500,000. This significant drop in equity is concerning, suggesting potential losses or increased liabilities. Bank borrowings increased dramatically, by 14000%, reaching £1,200,000, and cash reserves fell 82% to just £81,000. Creditors also increased substantially, by 250%, reaching £4,600,000. 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 sharp decline in equity raises questions about its long-term financial health. There is no auditor mentioned, which is likely due to its status as a small company.

The company’s focus on a niche market—electric boat charging—could be a source of future growth, but the current financial trends suggest it's burning through money. The increased reliance on borrowing and the significant losses indicate a startup phase with challenges ahead.

Registered in England/Wales under the registration number 13246216, with a registered address at SO31 7ZN, England, Southampton, Unit 28 Universal Marina, Crableck Lane.

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