Cg Motorsport Ltd

Cg Motorsport Ltd is a small, family-run business active for 22 years, based in Leeds, UK. With ten employees and £69,773 in assets, it operates from a real address and is managed by three directors and two owners. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with three months of import activity and twenty-five months of export activity. It’s a tight-knit operation, and the business is registered as a private limited company.

The company's website, drsmotorsport.co.uk, showcases a diverse range of car parts and accessories, categorized by brand and model. It’s clearly an e-commerce operation, with a well-organized online store and a focus on catering to a wide range of vehicles, from Abarth to Vauxhall. The site also features a blog, offering technical advice and product recommendations. It's a comprehensive online parts retailer, and the site is easy to navigate.

Financially, Cg Motorsport Ltd’s recent performance presents a mixed picture. Net assets have plummeted by a significant 88%, dropping to just £6,500. This is a considerable decline. Cash reserves have also decreased by 2.5%, down to £30,000. Bank borrowings have remained steady at £18,000. Creditors have surged by a whopping 110%, reaching £64,000, suggesting a greater reliance on trade credit. Trade debtors have vanished completely, which is a bit unusual. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 49 employees) means it's exempt from an audit, so the figures are unaudited.

The sharp drop in equity raises concerns, though the company’s ability to maintain consistent import and export activity suggests it’s still generating revenue. The surge in creditors could be a short-term issue, perhaps related to supplier payments, but it warrants closer monitoring. It's a bit concerning, but the business seems to be holding on.

Registered in England/Wales under the registration number 04496315, with a registered address at LS10 1BN, 86 Jack Lane, Leeds.

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