Bennett's Motorcycles Limited

Bennett's Motorcycles Limited, based in Barnsley, South Yorkshire, is a small, active company established 28 years ago in 1997. With five employees and £623,971 in assets, it operates from a real address and is managed by two directors and a single owner. The company is a regular importer of vehicles, parts, and accessories (excluding trains and trams), with 5 months of import activity recorded up to December 2022.

The business is a main dealer for several brands, including MV Agusta, Benelli, SYM, Keeway, Hanway, Voge, Italjet, FB Mondial, and operates a workshop providing maintenance and repair services. It also has a strong online presence, showcasing its inventory and offering parts enquiries and finance applications. Russell Bennett has built a company based around aftercare and technical expertise.

Financially, Bennett's Motorcycles Limited shows some concerning trends. Current assets have decreased by 35% to £620,000, and net assets have fallen 22% to £490,000. Cash reserves have also taken a hit, dropping 57% to £280,000. Bank borrowings remained steady at £31,000, and creditors decreased by 53% to £150,000. 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 it to remain agile, but the decline in equity warrants attention. No auditor is mentioned, likely due to its small company status, and the figures are unaudited.

Despite these financial pressures, Bennett's Motorcycles Limited maintains a loyal customer base and a reputation for technical expertise. The company's long-standing relationships with manufacturers and its diverse range of brands suggest a resilient business model, but the declining asset base requires close monitoring.

Registered in England/Wales under the registration number 03314747, with a registered address at S75 2RG, South Yorkshire, 105 Redbrook Road, Barnsley.

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