Auto Parts Express Ltd

Auto Parts Express Ltd, based in Stockport, UK, is a small, active company founded six years ago. With two employees and £17,951 in assets, it operates as a solo-founder venture with a real address and a single director. The company runs an e-commerce site and irregularly imports vehicles, parts, and accessories – just one month’s worth of imports recorded as of July 2020.

The website, Car Parts Express NE Limited, positions itself as a number one supplier of mail order car parts, offering a wide range of components for various brands, from Alfa Romeo to Volvo. It boasts an extensive catalog, categorized by type and brand, catering to both retail and trade customers. The site also highlights a focus on performance parts and exterior body panels, alongside essential maintenance items like brakes and exhausts. It's a comprehensive online marketplace for car enthusiasts and repair professionals alike.

Financially, Auto Parts Express Ltd presents a mixed picture. Current assets have dropped significantly by 70% to £18,000, and net assets have plummeted 140% to -£45,000 – a substantial decrease. Bank borrowings have also decreased by 31%, reaching £24,000, while cash reserves have fallen 86% to just £3,000. Creditors have decreased by 12%, which is a positive sign, but the substantial equity decline is concerning. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), which allows it to avoid an audit.

The decrease in assets and the negative equity suggest Auto Parts Express Ltd may be facing financial pressures. The company's irregular import activity and reliance on a small number of employees could contribute to this trend. It’s likely the company is burning through cash faster than it’s generating revenue, though further information is needed to confirm this.

Registered in England/Wales under the registration number 11626921, with a registered address at SK1 3HZ, England, Stockport, 2 Adcroft Street.

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