Affordable Motor Spares Ltd

Affordable Motor Spares Ltd from Leyland UK is a small, active company founded ten years ago in 2014. It employs just two people and has a real address, operating with two directors and no officially reported owners. The company meets two of the three conditions to be considered small: turnover under £10.2 million and a balance sheet total under £5.1 million.

The business primarily operates in the retail sale via mail order houses or via internet industries, offering car and van spares, accessories, and number plates. Its website highlights a family-run business with over two decades of experience, supplying ALL NEW PARTS at affordable prices. Services include wiper blade and battery fitting, bulb fitting, and even DVLA number plate replacements. The company serves customers in surrounding areas like Saltash, Tavistock, and Plymouth.

Financially, Affordable Motor Spares Ltd presents a mixed picture. Cash reserves have increased to £65, but net current assets and liabilities are down to -£3,200. Creditors have risen significantly, increasing by 53%, and bank borrowings have completely disappeared, a big change from the previous year. Equity has also declined, dropping to -£3,200. The company's small size and lack of employees (just two) allows for agility, but the decline in equity suggests potential financial strain. The accounts are unaudited, and no auditor is listed, which is common for small companies.

It seems like the company is holding on, but the drop in equity is something to keep an eye on.

Registered in England/Wales under the registration number 09158921, with a registered address at PR25 3US, England, Leyland, Units 1-4 North Star Business Park, Tuer Street.

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