British Parts Limited

British Parts Ltd, based in Stevenage, UK, is a small, family-run business with an active status, celebrating 20 years since its founding in 2004. With ten employees and £1,058,476 in assets, the company operates from a virtual address, managed by three directors and two owners. It’s a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), with 11 months of import activity and 178 months of export activity. The company also runs an e-commerce site, catering to customers looking for Jaguar and Land Rover parts.

The company's website highlights its focus on providing original and direct replacement parts for Jaguar and Land Rover vehicles, with a showroom in Harrods, London. It emphasizes competitive pricing and fast customer support. The site also features a blog with content reinforcing its expertise in safety solutions.

Financially, British Parts Ltd shows some interesting trends. Current assets have decreased by 9.3% to £1,100,000, while net assets have fallen by 8.5% to £810,000. Bank borrowings have increased, reaching £29,000, and cash reserves have fallen 19% to £580,000. Trade debtors have decreased by 28%, suggesting better debt management. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. Creditors have also decreased by 14%, which is a good sign. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

The company's financial data also reveals some interesting details. For example, the number of average employees during the period has increased by 20%, from ten to twelve. It's a little odd, but it suggests the company is expanding its workforce. The depreciation rate used for plant and machinery remains consistent at 33%. It seems the company is holding steady, but the decrease in assets is something to keep an eye on.

Registered in England/Wales under the registration number 05303806, with a registered address at SG1 3QP, Stevenage, Hertfordshire, Richmond House, Walkern Road.

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