Accuspark Ignition Systems Ltd

Accuspark Ignition Systems Ltd from St. Albans UK: a small, active company founded 13 years ago, employs eight people, and holds £402,529 in assets. It's a family business with two directors and two owners, boasting a stellar 5.0 Google rating from 41 reviews. The company regularly imports electrical machinery and equipment (38 months) and exports vehicles, parts, and accessories (50 months).

The company’s website showcases a range of products and services related to classic car ignition systems. Accuspark specializes in electronic conversion kits, distributors, spark plugs, and tuning tools—catering to enthusiasts and restorers of vintage vehicles. They also offer dynamator and alternator components, fuel pumps, and even steering wheels and sports seats. The website's extensive catalog and detailed product descriptions suggest a deep understanding of the classic car market. It's clear they're not just selling parts; they're providing solutions for maintaining and upgrading older vehicles.

Financially, Accuspark Ignition Systems Ltd presents a mixed picture. Current assets have decreased by 16% to £400,000, while net assets have fallen by 12% to £300,000. Bank borrowings have risen significantly, and cash reserves have decreased by 36% to £100,000. Creditors have also decreased, 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) allows for flexibility, but the decline in equity raises some concerns. There's no auditor mentioned, likely due to its status as a small company, so the financial statements are unaudited.

Overall, Accuspark Ignition Systems Ltd appears to be navigating a challenging environment. While its niche market and strong Google rating suggest a loyal customer base, the financial data indicates a need for careful management. The company’s family-run nature and focus on classic car parts provide a unique selling point, but sustained growth will depend on addressing the financial pressures.

Registered in England/Wales under the registration number 07686792, with a registered address at AL3 8HG, England, St. Albans, Unit 2 Lantern Commercial Centre London Road, Flamstead.

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