Cleasby Engine Services (motor Factors) Ltd

Cleasby Engine Services (Motor Factors) Ltd, based in Durham, UK, is a small, active family business founded seven years ago. Employing seventeen people, the company holds £229,666 in assets and operates from a real address. With two directors and two owners—Beresford Lucie Jane and Beresford Robert—it’s a tight-knit operation. The company has a solid 4.0-star Google rating based on 104 reviews. They’re an irregular importer, with their top category being machinery, boilers, and mechanical appliances, although their last import was back in December 2019.

The company’s core business involves the repair and maintenance of other transport equipment, operating in a niche sector. While no website was provided, it’s likely they operate a small workshop or parts distribution center, catering to local garages and mechanics. The company is likely focused on providing essential services and parts to keep vehicles on the road.

Financially, Cleasby Engine Services Ltd presents a mixed picture. Current assets decreased by 19%, dropping to £230,000, while net assets plunged 140%, resulting in a negative balance of -£2,200. Bank borrowings increased by 5.4%, reaching £60,000, and cash reserves remained steady at £24,000. Creditors decreased by 7.5%, suggesting improved debt management. The company’s small size (meeting two of three conditions for being classified as small) helps them remain agile, but the significant equity decline is concerning. No auditor is mentioned, likely due to their small size and exemption from an audit.

The company's financial data suggests a period of adjustment or potential challenges. While they manage their creditors well, the drop in equity and the increase in bank borrowings indicate a need for careful financial planning. The family-run nature of the business likely provides stability, but the irregular import activity and dependence on a single niche sector could make them vulnerable to external factors.

Registered in England/Wales under the registration number 10962738, with a registered address at DH7 8TB, Durham, Co Durham, 1a Bowden Place St Johns Road, Meadowfield.

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