Dick Lovett Sporting Limited

Dick Lovett Sporting Ltd from Swindon UK is a large, holding company with an active status, founded 31 years ago. Employing 43 people, it holds £23,415,000 in assets and operates from a virtual address, a fact that is a little concerning. The company is managed by five directors and owned by two individuals, with a respectable Google rating of 4.0 based on 15 reviews. It’s a regular importer of vehicles, parts, and accessories (not for trains or trams), having imported for 166 months, and a regular exporter, with three months of export activity.

The company’s website, while not providing detailed e-commerce functionality, showcases its core business: the sale and maintenance of Ferrari and other specialist vehicles in the United Kingdom. It operates showrooms and service centers, emphasizing a family-owned heritage and British craftsmanship. The company’s presence in the luxury vehicle market suggests a focus on high-end customers and premium service.

Financially, Dick Lovett Sporting Ltd’s recent performance reveals some interesting trends. Net assets increased by 10%, reaching £10 million, while cash reserves increased by 15% to £28,000. However, bank borrowings surged by 630%, reaching £1.1 million, and current assets decreased by 23%, suggesting a need for more liquid funds. Trade debtors decreased by 34%, which is a positive sign, but creditors increased by 36%, which could be a concern. The company’s revenue from commissions increased by 290%, which is a good indicator of sales growth. It seems the company is growing, but is also taking on more debt. The company's auditor is Saffery LLP.

Overall, Dick Lovett Sporting Ltd appears to be a well-established player in the specialist vehicle market, but the increase in borrowings warrants close monitoring. It's a little bit of a risk, but the company has a good reputation and a strong brand.

Registered in England/Wales under the registration number 02813597, 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.