Arthur Bassett & Co. Limited

Arthur Bassett & Co. Limited, based in The Enterprise Park, Swansea, is a sizable company with a 35-year history, currently employing 84 people. The business, a holding company, boasts impressive assets of £9,817,181 and a substantial yearly revenue of £42,754,390. It’s a well-established player, maintaining an active status and holding a respectable Google rating of 4.0 based on 439 reviews. The company regularly imports electrical machinery and equipment, with the last import operation occurring four months ago.

Arthur Bassett & Co. Limited operates as a dealership for several car brands, including Citroen, Jeep, Honda, KGM, Nissan, Fiat, Omoda, and Jaecoo. Their website details multiple locations across South Wales, offering new and used vehicle sales, parts, and service. It’s clear that the business is focused on retail and service—there's no obvious e-commerce element, with the website primarily serving as a brochure and contact point.

Looking at the financial data, the company's current assets decreased by 14%, falling to £9,800,000, while bank borrowings increased by 44%, reaching £190,000. Creditors also rose significantly, up 33% to £4,700,000. Interestingly, deferred income decreased by 53%, dropping to £260,000. Despite these changes, the company’s net assets increased by 2.6% to £4,000,000. The company’s staff numbers increased by 8.3% to 91, which may be a sign of expansion. It's worth noting that the company is classified as large, having met two of three criteria: turnover exceeding £36 million and balance sheet total exceeding £18 million. The lack of an auditor mentioned suggests the company is exempt.

The increase in bank borrowings and creditors, coupled with a decrease in cash reserves, suggests the company may be experiencing some financial pressure, possibly due to increased inventory or expansion costs. However, the continued growth in revenue and assets indicates that Arthur Bassett & Co. Limited remains a robust and well-managed business.

Registered in England/Wales under the registration number 02478275, with a registered address at SA6 8QX, The Enterprise Park, Swansea West Glamorgan, C/O Bassetts Honda, Valley Way.

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