Auto Essence Ltd

Auto Essence Ltd, based in Rye, UK, is a small, active company founded eight years ago. With just £20,350 in assets and a virtual address shared by 69 other companies, it’s a solo founder operation led by a single director and owner, Shilling Ruth. The company maintains a stellar 5.0 Google rating based on nine reviews.

Auto Essence Ltd operates in the retail sale via mail order houses or via internet industries. It's considered a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The business is listed as valeting services in Laurieston, Falkirk, Scotland.

Financially, Auto Essence Ltd's situation presents a mixed picture. Cash bank on hand has dropped significantly by 74%, falling to just £4,800. Debtor amounts have risen sharply, increasing by 700% to £15,000, which could indicate delayed payments from customers. Equity has also declined by 31%, landing at -£15,000, suggesting the company is burning through cash. Creditors and other debt have both increased, which could be a result of the company needing to borrow more to keep the business running. It's worth noting that the company's financial statements are unaudited, and no auditor is mentioned.

Despite these challenges, the company’s strong Google rating suggests customer satisfaction. Whether Auto Essence Ltd can navigate these financial pressures and sustain its online retail operations remains to be seen.

Registered in England/Wales under the registration number 10180530, with a registered address at TN31 7LJ, England, Rye, East Sussex, Landgate Chambers, 24 Landgate.

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