Auto Supplies (newry) Ltd

Auto Supplies Newry Ltd, based in Newry, UK, is a small, active company founded twenty years ago. With twenty employees and £665,274 in assets, it operates from a real address and is led by a single director and owner – Vallely Francis, who is also the solo founder. The company is an irregular importer, with its top import category being iron or steel products, though only for a single month back in 2016. It primarily operates in the wholesale trade of motor vehicle parts and accessories.

The company’s website is not available, so it’s difficult to assess its online presence or e-commerce activities. It appears to be a traditional wholesale operation rather than a direct-to-consumer retailer.

Financially, Auto Supplies Newry Ltd presents a mixed picture. Accumulated amortisation and depreciation have increased, with net goodwill rising by 8.3% and total depreciation up 7.6%. However, the number of employees reported has plummeted – a 100% decrease, suggesting a significant reduction in workforce. Bank borrowings have surged by a staggering 230%, reaching £130,000, while cash reserves have dwindled to a mere £590. Creditors have also decreased, though, indicating better management of short-term debts. Despite these challenges, the company’s equity has increased by 23%, suggesting some retained earnings growth. The company is small, meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s likely exempt from an audit.

Registered in Northern Ireland under the registration number NI055019, with a registered address at BT34 2DF, Newry, Co Down, 40 Kilmorey Street.

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