Alf's Motorcycles Limited

Alf's Motorcycles Limited, based in Worthing, UK, is a small, active company founded 19 years ago. With 12 employees and £1,519,463 in assets, it's a well-established business operating from a virtual address – a point worth noting as 332 companies share the same address. The company is run by a solo founder and one director, and enjoys a stellar 5.0 Google rating from 349 reviews. It’s an irregular importer, primarily dealing in vehicles, parts, and accessories (not for trains or trams), with the last import activity occurring two months ago in April 2022.

Alf's Motorcycles functions as a proud Kawasaki solus dealership, serving West Sussex and surrounding areas since 1988. Its website showcases a wide range of new and used Kawasaki motorcycles, parts, and accessories, and offers services like servicing, tyre fitting, and test rides. The site also promotes new rider incentives and financing options, and even features a section dedicated to Kawasaki racing news. It’s clear that the business is focused on providing a comprehensive experience for motorcycle enthusiasts.

Looking at the financials, Alf’s Motorcycles Limited presents a mixed picture. Current assets have decreased by 3.1% to £1,500,000, while net assets have fallen by 5.1% to £500,000. Bank borrowings have increased significantly by 43%, reaching £53,000, and cash reserves have plummeted 100% to just £230 – a rather drastic change. Creditors have remained relatively stable, however, and trade debtors have decreased, suggesting some improvements in debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from a full audit, so the figures are unaudited.

The sharp decline in cash reserves is a concern, although the company’s strong Google rating and established dealership model suggest a loyal customer base. The increased bank borrowings may indicate investment in inventory or expansion, but it's something to keep an eye on. Overall, Alf’s Motorcycles Limited appears to be navigating a period of change, balancing its reputation for quality service with the challenges of a competitive market.

Registered in England/Wales under the registration number 05733925, with a registered address at BN11 1QR, Worthing, West Sussex, Amelia House, Crescent Road.

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