Tenby Tourers Ltd

Tenby Tourers Ltd from Narberth UK: a small, active company founded thirteen years ago, employs a single person, and holds assets worth £2,309,760. It’s led by two directors and a solo founder, and boasts a solid 4.0 Google rating from 197 reviews. The business regularly imports vehicles, parts, and accessories (excluding trains and trams), with recent activity recorded seven months ago.

The company operates in the retail sector, specifically focusing on the sale of caravans and related accessories. Its website, tenbytourers.co.uk, showcases a wide range of new and used caravans, along with awnings, towing accessories, and other camping essentials. The site features detailed product descriptions, customer reviews, and online ordering capabilities, suggesting a move towards e-commerce. While the website is functional, it lacks the polish and depth of content one might expect from a more established online retailer.

Financially, Tenby Tourers Ltd presents a mixed picture. While current assets increased by 29% to £2,300,000, net assets only rose by 8.4% to £1,500,000. Bank borrowings increased significantly by 170% to £1,000,000, and cash reserves decreased by 95% to just £34,000. Creditors also increased substantially by 460% to £650,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and only one employee. The substantial increase in debt, however, raises concerns about its financial health. The lack of an auditor mentioned indicates it’s likely exempt from an audit as a small company.

The company's reliance on imports, as indicated by the seven-month import history, could be a vulnerability. The increased debt levels, combined with the decrease in cash reserves, suggest that Tenby Tourers Ltd is burning through money. It’s possible that the company is investing heavily in inventory or marketing to drive sales, but it will need to manage its finances carefully to avoid a cash flow crisis.

Registered in Wales under the registration number 07975448, with a registered address at SA67 8QE, Wales, Narberth, Crofty Showground, Llanteg.

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.