Car Technic Ltd

Car Technic Ltd, based in Hailsham, UK, is a small, family-run business with an active status, established nine years ago. The company holds £151,730 in assets and operates from a virtual address, registered with 182 other companies, which is a little odd. It's managed by two directors and two owners, and currently has a stellar 5.0 Google rating from 67 reviews. Car Technic is an irregular importer, primarily bringing in vehicles, parts, and accessories—just one month of imports was recorded, the last in August 1.

The company’s website, Car Technic, presents itself as North London's professional car servicing and maintenance experts. It offers a comprehensive range of services, from MOT preparation and routine servicing to mechanical repairs, even offering pickup and drop-off. The site boasts competitive rates, using Original Equipment Manufacturer (OEM) parts, and a focus on customer satisfaction. It’s clearly geared towards a local clientele seeking affordable and reliable car care.

Financially, Car Technic Ltd shows a mixed picture. Current assets decreased by 8.8% to £150,000, while net assets increased by 69% to £20,000. Bank borrowings decreased by 29% to £19,000, and cash reserves plummeted 85% to just £230. Creditors decreased by 12%, 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 remain flexible, but the significant drop in cash reserves is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Car Technic Ltd seems to be holding its own, providing a valuable service to the North London community. However, the company will need to manage its cash flow carefully to ensure its long-term sustainability.

Registered in England/Wales under the registration number 10023290, with a registered address at BN27 1DW, United Kingdom, Hailsham, East Sussex, 30-34 North Street.

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