Dick Lovett Companies Limited

Dick Lovett Companies Limited is a holding company based in Swindon, UK, established 52 years ago in March 1973. The company, currently active, manages a portfolio of automotive businesses and has £19,496,000 in assets. Despite having five directors and a single owner (Lovett Peter Charles), it employs just five people. Its registered address, shared by thirteen other companies, raises concerns about whether it's a virtual address.

The company’s primary focus is the sale and maintenance of luxury vehicles, including BMW, MINI, Porsche, Ferrari, Aston Martin, Jaguar, and Land Rover. It operates multiple dealerships across the South West of England and even has a presence in London. The company’s website highlights its commitment to customer service, offering everything from new car sales and financing to servicing and repairs. It also showcases a range of approved used vehicles and parts accessories.

Financially, Dick Lovett Companies Limited presents a mixed picture. While turnover increased by 14% to £37 million, net assets decreased by 25% to £110 million. Bank borrowings surged by 2,400%, reaching £29 million, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. The company’s auditor, Saffery LLP, has not mentioned any issues in their report.

Despite these financial challenges, Dick Lovett Companies Limited remains a significant player in the luxury automotive market, leveraging its established brand and extensive network of dealerships. The company’s continued focus on customer service and its ability to adapt to changing market conditions will be crucial for its long-term success.

Registered in England/Wales under the registration number 01101960, with a registered address at SN5 8YW, England, Swindon, Wiltshire, The Copse Frankland Road, Blagrove.

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