Downeys Cars (n.i.) Ltd

Downeys Cars Ni Ltd, based in Newtownards, UK, is a small, active company established 34 years ago in December 1990. With 24 employees and £4,001,868 in assets, it operates from a real address and is overseen by two directors and one owner. The company boasts a stellar 5.0 Google rating from 284 reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just two months of import activity recorded as of April 1, 4019.

Downeys Cars Ni Ltd specializes in the sale of new and used cars, alongside vehicle maintenance, parts retail, and rental services. Its website, Downeys Kia Newtownards, showcases a wide range of Kia models, from the EV3 starting at £33,005 to the EV9 priced at £65,035, and offers financing options. The site emphasizes customer service and even provides travel advice for customers visiting from Bangor, Strabane, or London. The company also provides car rental and van rental services.

Financially, Downeys Cars Ni Ltd’s recent performance presents a mixed picture. Cash bank on hand has plummeted by a staggering 96%, dropping to just £220. Bank borrowings have increased by 35%, reaching £690,000, while bank overdrafts have risen sharply to £230,000. Creditors have increased by 48%, reaching £3,100,000, and trade debtors have more than doubled, reaching £1,700,000. On a positive note, the company’s net assets remain stable at £2,400,000. The company’s small size—meeting two of three criteria for a small company—helps it remain agile. The unaudited financial statements, prepared using CCH Accounts Production software, are overseen by PGM Chartered Accountants. It's a bit strange that the company's equity hasn't changed much, though.

Registered in Northern Ireland under the registration number NI025135, with a registered address at BT23 8NN, Northern Ireland, Newtownards, 39 Portaferry Road.

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