Cars Spot Limited

Cars Spot Limited, based in Ilford, UK, is a small, active company established seven years ago in December 2017. With two employees and £513,253 in assets, it’s a modest operation led by a single director and owner, Khawaja Muhammad Asif. The company boasts a stellar 5.0 Google rating from 33 reviews, reflecting positive customer experiences. It regularly imports vehicles, parts, and accessories – a consistent activity spanning 46 months, with the last import occurring in March 2025. The company operates in the sale of used cars and light motor vehicles.

The company’s website is minimal, suggesting a focus on direct sales rather than extensive online marketing. It appears to be an ecommerce business, with a limited online presence.

Financially, Cars Spot Limited shows some encouraging trends. Current assets increased by 71%, reaching £510,000, while net assets also grew by 75%, landing at £60,000. Cash bank on hand saw a significant boost, jumping 170% to £210,000. Creditors, however, have also increased, with those due within a year rising 120% to £390,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in creditors should be monitored. The lack of an auditor mentioned likely means the accounts are unaudited, relying on director-reported data.

The company's growth in assets and cash reserves is a positive sign, suggesting increased sales or improved cash flow management. However, the rise in creditors could indicate a need to manage supplier payments more effectively. The company’s consistent import activity and strong Google rating suggest a stable business model, but the financial data suggests a need for careful monitoring of liabilities.

Registered in England/Wales under the registration number 11125612, with a registered address at IG3 9TN, England, Ilford, 267 Green Lane.

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