Classic Additions Limited

Classic Additions Ltd from Ashbourne UK is a small, active company founded 34 years ago. With 10 employees and £2,519,075 in assets, it operates from a virtual address, managed by three directors and two owners. The company regularly imports and exports various textile products, sets, used clothing, and rags—a consistent pattern over the last 49 months of imports and 17 months of exports.

The company’s activities appear to extend beyond textiles, as it operates in the wholesale and retail trade of motor vehicle parts and accessories. While it doesn't have a dedicated website, this suggests a business-to-business model, possibly supplying parts to garages or retailers. The registered address, shared with 35 other companies, is likely a serviced office space.

Financially, Classic Additions Ltd shows some interesting trends. While cash reserves increased by 31% to £1,600,000, net assets also rose by 29% to £2,100,000—a positive sign. However, bank borrowings surged by 400% to £25,000, which could indicate increased investment or working capital needs. Trade debtors also increased by 40% to £390,000, suggesting that the company is extending credit to customers, or that payments are being delayed. Creditors decreased by 14% to £160,000, which is a good sign. The company’s small size—meeting two of three criteria for being a small company—helps it remain flexible, but the increase in borrowings warrants further investigation. The company is exempt from an audit, so the figures are unaudited.

Overall, Classic Additions Ltd appears to be a stable, if somewhat stretched, business. The increase in debt could be a temporary blip, or a sign of more significant challenges ahead.

Registered in England/Wales under the registration number 02512531, with a registered address at DE6 1BX, United Kingdom, Ashbourne, Derbyshire, 7 Compton Street.

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