Damian Mccann Cars & Vans Limited

Damian McCann Cars & Vans Limited is a small, active company based in Randalstown, Co. Antrim, UK. Founded twenty years ago in 2005, the firm employs just three people and holds £117,022 in assets. With a real registered address and three directors, it’s a family-run operation. The company operates in the sale of other motor vehicles industries and is an irregular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling one month of imports, the last being in August 2024.

The company's website showcases a used car dealership offering a range of vehicles at various price points, from £1,000 to £240,000. It emphasizes a "family run dealership" and a "one-to-one personal service," with a focus on competitive pricing and a wide selection. The website also highlights servicing, MOT testing, and accident repairs offered by fully trained technicians. It’s a straightforward, functional site geared towards local car buyers.

Financially, Damian McCann Cars & Vans Limited presents a mixed picture. Net assets have fallen significantly, dropping 58% to £58,000. Cash reserves have also declined sharply, falling 83% to just £8,900. Trade debtors have increased by 38% to £110,000, which could indicate a reliance on customer payments. Despite this, creditors have also increased, rising 23% to £50,000. 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 flexibility, but the decline in equity warrants attention. The company is exempt from an audit, so the figures are unaudited.

While the business appears to be actively selling cars and vans, the financial data suggests it’s facing some pressures. Whether this is a temporary setback or a longer-term trend remains to be seen, but the company will need to manage its cash flow carefully to ensure its continued success.

Registered in Northern Ireland under the registration number NI053476, with a registered address at BT41 3LX, Antrim, Co. Antrim, 11a Portlee Road, Randalstown.

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