Appreciating Classics Ltd

Appreciating Classics Ltd from Norwich UK: a small, active company founded eleven years ago, employs three people, and holds £476,035 in assets. With a real address and three directors, it’s a well-established operation, overseen by a single owner and boasting a stellar 5.0 Google rating based on thirteen reviews. The company is a regular importer of vehicles, parts, and accessories (excluding trains and trams), with four months of import activity recorded.

The company’s website showcases a collection of classic and performance cars for sale, ranging from a 1986 Renault 5 GT Turbo to a 2024 Ducati Superleggera V4. It’s clearly an e-commerce business, allowing customers to browse inventory, view prices, and even upload details of cars they’re looking to sell. The site also highlights a "Meet The Team" section, a showroom, and a virtual tour, suggesting a blend of online sales and a physical presence. They even have a section for "Coming Soon!" vehicles, indicating ongoing inventory updates.

Financially, Appreciating Classics Ltd shows some concerning trends. Current assets have fallen by 23% to £480,000, while net assets decreased by 15% to £270,000. Bank borrowings have decreased by 52%, which is a positive sign, but cash reserves have plummeted 63% to £82,000. Trade debtors have also fallen, which is good, but other creditors have increased significantly. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the sharp drop in cash reserves is something to watch. As a small company, it's exempt from an audit, so the figures are unaudited.

Overall, Appreciating Classics Ltd seems to be facing some financial headwinds, but its strong Google rating and focus on desirable classic cars suggest it has potential. It’s a company that's clearly passionate about its niche, but needs to manage its cash flow carefully to ensure its long-term success.

Registered in England/Wales under the registration number 08594661, with a registered address at NR14 6JD, England, Norwich, Loddon Business Park, Loddon.

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