Autowave Limited

Autowave Ltd from Nottingham UK: a small, active company founded twelve years ago, employs thirteen people, and holds £982,346 in assets. It's a real address, managed by one director and solo founder, Kotecha Ravi Vasant, and boasts a solid Google rating of 4.0 from ninety-three reviews. The company regularly imports optical and medical tools and devices, with nineteen months of import activity recorded.

Autowave operates as a wholesale supplier of motor vehicle parts and accessories, with a comprehensive website showcasing a wide range of diagnostic equipment, workshop tools, key programming solutions, and electrical supplies. The site caters to a diverse customer base, offering products for various vehicle makes and models, and even includes a section for key cutting and programming services. It’s clear they’re targeting professional mechanics and auto locksmiths, with a strong emphasis on specialist tools and advanced technology. The website also offers a VRM search function, allowing customers to find parts specific to their vehicle, which is a nice touch.

Financially, Autowave Ltd presents a mixed picture. While cash reserves have plummeted a staggering 91% to just £720, bank borrowings have increased by a substantial 62%, reaching £120,000. Creditors have also risen, up 57%, suggesting increased reliance on trade credit. However, there’s a positive trend in debtors, which have fallen by a significant 57%, indicating improved collection efforts. Equity has taken a big hit, decreasing 63% to £170,000. The company's small size—meeting two of three criteria for a small company—helps it remain flexible, but the sharp decline in equity and cash is concerning. Depreciation on plant and machinery has increased by 48%, which might be a sign of investment in new equipment, but also could indicate a need for maintenance. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Autowave Ltd appears to be navigating a period of financial pressure, despite its strong online presence and specialized product offering. The company’s success will likely depend on its ability to manage its debts and maintain its reputation for quality and service.

Registered in England/Wales under the registration number 08460582, with a registered address at NG10 2GB, England, Nottingham, Autowave Thrumpton Avenue, Long Eaton.

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