East Midlands Vans Ltd
- Small
- Active
- 14 years
- 10 employees
- £1,262,610 (assets)
- Real address
- 2 directors
- 1 owner
- Regular importer
- Irregular exporter
- Solo founder
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
East Midlands Vans Ltd, based in Leicester, UK, is a small, active company founded 14 years ago in 2010. Employing ten people and boasting £1,262,610 in assets, it's a family-run business with two directors and a solo founder, Ahmad Ijaz. The company operates from a real address and regularly imports vehicles, parts, and accessories—a consistent activity spanning 28 months, with the latest import occurring in March 2024. While exporting is less frequent, it has occurred for one month, last recorded in October 2020.
The business primarily focuses on the sale of used cars and light motor vehicles, operating within a competitive market. It's unclear if the company has an associated website, but its core activity is clearly retail.
Financially, East Midlands Vans Ltd presents a mixed picture. Current assets have decreased by 26% to £1,300,000, while net assets have plummeted 89% to a concerning £81,000. Bank borrowings have also decreased by 45%, settling at £29,000, and cash reserves have fallen by a significant 96%, leaving just £500. Creditors have increased by a substantial 190%, reaching £400,000, and trade debtors have fallen by 54%, suggesting a shift in payment terms. The company meets the criteria for a small business, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is likely due to its small size and exemption status.
While the company's import activity indicates ongoing business, the sharp decline in equity and cash reserves raises concerns. Whether this is a temporary setback or a longer-term challenge remains to be seen, but East Midlands Vans Ltd will need to carefully manage its finances to ensure its continued success.
Registered in England/Wales under the registration number 07387098, with a registered address at LE3 2LJ, United Kingdom, Leicester, Leicestershire, 199 Narborough Road South.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- Ahmad Ijaz
- 8 years
- 5
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- Ahmad Ijaz
- 12 years
- 4
-
Resident of United Kingdom
-
Individual
- Ahmad Ijaz
- 14 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted seven months ago.
Last news
-
Total exemption full accounts made up to 2023-12-31Download 9 pages pdf report
-
Confirmation statement made on 2024-09-24 with no updatesDownload 3 pages pdf report
-
Previous accounting period shortened from 2023-12-31 to 2023-12-30Download 1 page pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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Similar exporters
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FAQ about East Midlands Vans Ltd
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