Direct Car Parts Limited

Direct Car Parts Ltd from Durham UK: a small, active company founded 19 years ago, employs just one person, and holds £19,277 in assets. Operating from a virtual address shared by many other businesses, it’s managed by two directors and has one owner. The company runs an e-commerce site and irregularly imports vehicles, parts, and accessories – its last import activity was two months ago in May 2022.

The company's website, Direct Car Parts, is a comprehensive online retailer specializing in car accessories and cycling equipment. It offers a wide range of products, from boot liners and bumper protectors to cycle helmets and workshop tools. The site emphasizes competitive pricing, a good browsing experience, and a wide selection of brands, including well-known names like Motul, Bosch, and Ring Automotive. It also has a section for eBike spares, showing a recent expansion into the electric cycling market. The site’s focus is on providing a convenient and reliable online shopping experience for car and cycling enthusiasts.

Financially, Direct Car Parts Ltd’s recent report shows some concerning trends. Current assets have decreased significantly by 53%, falling to £19,000. Net assets have also taken a hit, dropping 32% to -£75,000. Cash reserves have plummeted 92%, leaving just £760 available. While creditors have also decreased slightly, the sharp decline in assets and cash suggests the company is burning through money. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the significant equity drop is a cause for concern. The report is unaudited, as is common for small companies, and there is no auditor mentioned. The company’s bank borrowings have also increased, which could be a sign of financial strain.

Registered in England/Wales under the registration number 05659079, with a registered address at DH1 1TW, England, Durham, Portland House, Belmont Business Park.

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