Classic Motor Cars Limited

Classic Motor Cars Ltd from Bridgnorth UK: a small, active company established 31 years ago, employs 35 people, and holds £664,542 in assets. It’s a real address, managed by three directors, and surprisingly, has no officially registered owners. The company is an irregular importer of vehicles, parts, and accessories (excluding trains or trams), with just two months of import activity recorded, and a regular exporter, with five months of export activity.

Classic Motor Cars Ltd specializes in classic car restoration, preservation, and conservation. Its website showcases a wide range of classic vehicles for sale, restoration services, and a shop selling parts and spares. The company also offers a finance option and emphasizes its “all under one roof” philosophy, carrying out virtually all work on-site at its headquarters in Bridgnorth. It’s even received prestigious awards, including “Specialist of the Year” and multiple “Restoration of the Year” accolades. The company’s website also highlights its family-owned status and the passion of its artisans.

Financially, Classic Motor Cars Ltd shows some concerning trends. Current assets have decreased by 15%, dropping to £660,000, while net assets have increased by 97% to £330,000. Bank borrowings have decreased by 32%, and cash reserves have plummeted 66%, leaving just £78,000. Creditors have also decreased significantly, by 41%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s accounts are unaudited, likely due to its small size.

The decrease in cash reserves is something to keep an eye on, though the improved creditor management is a positive sign. The company’s focus on specialist restoration and its international reputation seem to be driving its business, but it will be interesting to see if it can maintain this momentum.

Registered in England/Wales under the registration number 02827121, with a registered address at WV15 5HP, United Kingdom, Bridgnorth, Shropshire, Building 9 Stanmore Business Park.

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