Billy's Speed Shop Ltd

Billy's Speed Shop Ltd, based in Cannock, UK, is a small, family-owned business with an active status. Founded six years ago in 2019, it employs three people and holds £285,671 in assets. The company operates from a real address and is led by two directors and two owners. It's a thriving e-commerce site specializing in performance car parts, particularly those imported from the USA.

The website showcases a wide range of products, from engines and transmissions to complete kits and clearance items. Billy's Speed Shop emphasizes its expertise in performance upgrades and its commitment to providing top-quality products and customer service. It even has a newsletter to keep customers informed about new arrivals and special offers. The company’s blog also provides useful information about performance tuning and car maintenance.

Financially, Billy’s Speed Shop’s numbers paint a mixed picture. While current assets grew slightly to £290,000, net assets significantly declined to -£80,000. Bank borrowings have increased substantially, reaching £34,000, and cash reserves have fallen to £220. Creditors have also risen considerably, reaching £220,000. 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 flexibility, but the large equity drop suggests potential challenges. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s increased bank borrowings and declining cash reserves could indicate a need for more efficient cash flow management, or perhaps a period of investment in inventory or marketing. It's possible that the company is experiencing growing pains as it expands its operations, or perhaps it’s facing increased competition in the performance car parts market.

Registered in England/Wales under the registration number 11930631, with a registered address at WS12 2HA, England, Cannock, Staffordshire, Unit 7 Keys Business Village Keys Park Road, Hednesford.

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