Car Giant Limited

Car Giant Ltd, based in London, UK, is a large company with a history stretching back 46 years. Employing 511 people, the firm holds £76,075,480 in assets and generates a substantial £491,231,404 in yearly revenue. It operates as a holding company and is currently active, having exported vehicles, parts, and accessories regularly for the past twelve months. Despite its size, Car Giant uses a virtual address, with thirteen companies registered at the same location, which is a bit unusual. The company boasts a respectable Google rating of 4.0 based on nearly 10,000 reviews.

The business is primarily a used car dealership, with a large showroom and a focus on online sales. The website highlights a wide range of vehicles and services, including finance options and part exchange programs. It's clear they're targeting a broad customer base, with options for budget buyers and those seeking luxury vehicles. The site also promotes a strong emphasis on customer service, with multiple contact options and a dedicated “Need Help?” section.

Financially, Car Giant Ltd presents a mixed picture. Current assets increased by a solid 30% to £76,075,480, while net assets remained relatively stable. However, bank borrowings decreased significantly by 100%, and cash reserves increased by 24% to £10,000,000. Creditors also decreased by 3.3%, suggesting improved debt management. Turnover increased by a healthy 23%, indicating strong sales performance. The company's net loss deepened from £30,000,000 to -£15,000,000, which could be a result of increased operating expenses. The company’s two directors, Forsdyke, Holahan, and Mendes, have been in place for seven years.

The significant decrease in bank borrowings is a positive sign, suggesting a reduction in debt burden. However, the deepening net loss warrants further investigation. It's possible that increased competition or rising costs are impacting profitability. The virtual address, while not inherently problematic, does raise questions about the company's operational structure. The auditors, Xeinadin Audit Limited, have not reported any issues. Overall, Car Giant Ltd appears to be a large, established business facing typical challenges in a competitive market.

Registered in England/Wales under the registration number 01407612, with a registered address at NW10 6RS, London, 44 Hythe Road.

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