Autostore Europe Ltd

Autostore Europe Ltd, based in Cambridge, UK, is a small, active company established twelve years ago in 2012. With eleven employees and £797,102 in assets, it operates from a virtual address, managed by one director and one owner. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with three months of import activity and four months of export activity recorded.

The company's website showcases a unique blend of services centered around car storage and related automotive care. It's not just a storage facility; it's a full-service operation offering sales, servicing, transport, paint protection film (PPF), and detailing. The site highlights a focus on car enthusiasts and boasts a modern, purpose-built facility owned outright, ensuring security and flexibility. They even have a showroom in Harrods, London.

Financially, Autostore Europe Ltd presents a mixed picture. Current assets increased by 30% to £800,000, a positive sign, while net assets dramatically declined by 120% to -£68,000—a significant concern. Bank borrowings increased by 41% to £88,000, and cash reserves doubled to £330,000. Creditors decreased by 57% to £68,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp equity drop warrants attention. The company is exempt from an audit as a small company, so the figures are unaudited.

The substantial increase in bank borrowings and the negative equity suggest the company may be burning through cash, despite the increase in assets. It's possible the investment in the facility, highlighted on the website, is contributing to this trend. The business model, combining storage with high-end automotive services, seems promising, but financial stability will be key to its long-term success.

Registered in England/Wales under the registration number 08155139, with a registered address at CB22 3JH, England, Cambridge, Cambridgeshire, Unit D South Cambridge Business Park, Babraham Road, Sawston.

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