Dragon Wheels Limited

Dragon Wheels Ltd, based in Ravenstone, UK, is a small, active company founded 22 years ago. With a single employee and £31,220 in assets, it’s a modest operation run by two directors and one owner. The company has a real address and regularly imports vehicles, parts, and accessories—a trend that has continued for the past three months, with the last import occurring in October 2023.

The company’s website, Dragon Wheels Restorations, reveals a specialized focus: muscle car restoration, particularly for Ford Mustangs, Shelby GT350s and 500s, AC Cobras, and early Chevrolet Corvettes. Owned and run by Alan FaulknerStevens, a former Aston Martin design and development engineer, the business emphasizes authentic restorations, with a workshop located near Newport Pagnell, Buckinghamshire—an area known for its automotive restoration expertise. The website highlights a focus on concours restoration, sourced vehicles, upgrades, and rare Shelby Cobra memorabilia, indicating a high-end, enthusiast-driven market.

Financially, Dragon Wheels Ltd shows some concerning trends. Current assets have decreased by 18% to £31,000, and net current assets have fallen by 23% to £18,000. Cash bank on hand has also seen a significant drop, declining by 39% to £11,000. While trade debtors remain relatively stable, creditors have decreased by 11% to £14,000. 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 assets suggests potential cash flow pressures. The accounts are unaudited, and no auditor is mentioned, which is typical for small, exempt companies.

The business seems to be doing well in its niche, but the financial data suggests it’s burning through money. Whether this is a temporary setback or a longer-term challenge remains to be seen—but for now, Dragon Wheels Ltd is relying on its reputation for quality and expertise to sustain its operations.

Registered in England/Wales under the registration number 04773197, with a registered address at MK46 5AN, England, Ravenstone, Buckinghamshire, Unit 2 Horseshoe Farm Buildings, North End.

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