Burnley Motors Ltd

Burnley Motors Ltd from Nelson UK: a small, active company founded six years ago, employs two people, and holds £21,466 in assets. With a real address and a 5.0 Google rating from 75 reviews, it’s a well-regarded local business. The company is run by a solo founder, Ahmed Safeer, who also serves as director and owner. It’s an irregular importer of vehicles, parts, and accessories (excluding trains and trams), with just two months of import activity recorded as of January 2023. The company operates in the sale of used cars and light motor vehicles industries.

The company’s website, while not fully detailed, suggests a focus on used car sales and light motor vehicle services. It’s unclear if the company has an e-commerce presence, but the focus appears to be on local sales and services.

Financially, Burnley Motors Ltd presents a mixed picture. While turnover increased by 13% to £85,000, net losses deepened to -£4, a significant shift from the previous year’s -£1,500. Cash reserves plummeted 25% to £13,000, and bank borrowings surged by 2,400%, reaching £29,000. Creditors, however, decreased by 18%, suggesting better debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. The number of employees has also increased significantly, rising 200% to six.

In short, Burnley Motors Ltd is holding steady but facing pressures. The company’s financial results indicate a need for careful management, but the positive Google rating suggests a loyal customer base.

Registered in England/Wales under the registration number 11823994, with a registered address at BB9 7SR, England, Nelson, 70 Carr Road.

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