Activate Parts Limited

Activate Parts Ltd, based in Halifax, UK, is a sizable holding company with an active status, having been incorporated seventeen years ago in 2008. The company employs fourteen people and holds assets valued at £11,229,712. With four directors and a single owner, it operates from a real address shared by eight other companies.

The business functions as both an importer and exporter. It’s an irregular importer, bringing in vehicles, parts, and accessories (excluding trains and trams) for a couple of months, with the most recent import occurring in August 2024. Conversely, it's a regular exporter, specializing in electrical machinery and equipment, exporting for three months, with the last export recorded in December 2022. Activate Parts Ltd operates in the wholesale trade of motor vehicle parts and accessories industries.

Financially, Activate Parts Ltd presents a mixed picture. Current assets have increased by a significant 180%, reaching £11 million, while net assets have decreased by 57%, falling to £250,000. Bank borrowings have increased dramatically by 220%, reaching £8 million. Creditors have also risen substantially by 130%, reaching £2.5 million. Cash reserves have decreased by 1400%, dropping to £130,000. Employee numbers have increased by 79%, reaching twenty-five. The company meets two of three conditions to be considered a large company, namely turnover more than £36 million and balance sheet more than £18 million, but employee numbers are still below the 250 threshold.

The company’s accounts were audited by B M Howarth Ltd. While the growth in assets suggests business activity, the decrease in equity and increase in debt raise concerns about the company’s long-term financial health. The rise in bank borrowings could indicate a need for capital to support operations or expansion, but the decline in cash reserves suggests that the company is burning through money faster than it's generating it.

Registered in England/Wales under the registration number 06558014, with a registered address at HX3 5AX, England, Halifax, Floor 4, D Mill, Dean Clough Mills.

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