Abingdon Models Ltd

Abingdon Models Ltd from Abingdon UK is a small company with an active status, founded eight years ago. It employs five people and holds £66,105 in assets, operating from a real address. The company is led by one director and owned by Wood Andrew, who also serves as the solo founder. It runs an e-commerce site specializing in parts for classic British cars, including MG, Triumph, Austin Healey, and Mazda MX5 models.

The company’s website, Abingdon MG Parts, is a one-stop shop for high-quality parts and accessories. It offers everything from engine components to electrical parts, catering to enthusiasts and restorers. The site even has a sister company, David Manners Group, that covers Jaguar, Daimler, and Morris Minor parts. It’s a well-established business, with a history dating back to the late 1980s.

Financially, Abingdon Models Ltd’s numbers show some interesting trends. Current assets have increased by 16% to £66,000, which is good, but net assets have dramatically decreased by 180% to -£12,000. Bank borrowings have increased significantly, rising by 98% to £37,000, while cash reserves have fallen by 35% to £27,000. Creditors have also decreased by 19%, which could be a sign of better debt management. The company meets the criteria for being a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

The decrease in equity is a bit concerning, suggesting the company may be burning through money. However, the growth in current assets indicates ongoing sales activity. It's possible the company is investing in inventory or expanding its operations, which could explain the short-term financial strain.

Registered in England/Wales under the registration number 10692189, with a registered address at OX13 5FE, England, Abingdon, Oxfordshire, G2 Kingston Business Park, Kingston Bagpuize.

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