Car Universe Limited

Car Universe Limited, based in Dagenham, UK, is a small, active company founded seven years ago. With three employees and £73,924 in assets, it’s a solo-founded operation led by a single director and owner, Asim Madeeha. The business enjoys a stellar 5.0 Google rating from 58 reviews, indicating strong customer satisfaction. It’s a regular importer of vehicles, parts, and accessories—excluding trains and trams—with 12 months of import activity recorded, the latest in January 2025.

The company operates in the maintenance and repair of motor vehicles, the sale of used cars and light motor vehicles, and the renting and leasing of cars and light motor vehicles. It’s a small business, meeting two of three criteria for a small company: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. Its website is currently unavailable, so it’s unclear if it operates an e-commerce platform or primarily conducts business offline.

Financially, Car Universe Limited presents a mixed picture. Current assets have decreased by 24% to £74,000, while net assets have fallen by 79% to -£260,000. Bank borrowings have decreased by 17%, and cash reserves have plummeted 46% to £2,500. Trade debtors have increased significantly, by 460%, to £5,100. The company's equity is negative, indicating it's burning through money faster than it’s earning it. With no auditor mentioned, the figures are unaudited, relying on director-reported data.

Despite these challenges, Car Universe Limited’s high Google rating suggests a commitment to customer service. However, the negative equity and declining cash reserves raise concerns about its long-term financial health. It’s a small business navigating a competitive market, and its future hinges on its ability to turn around its financial trajectory.

Registered in England/Wales under the registration number 11073343, with a registered address at RM8 2LR, England, Dagenham, 36 Davington Road.

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