Ecoclassics Limited

Ecoclassics Limited, based in Maldon, UK, is a small, active company founded five years ago in 2019. With a single employee and £174,116 in assets, it operates from a real address within the Bentalls Shopping Centre. The company has two directors and two owners, and is regularly importing electrical machinery and equipment, with the latest activity recorded in August 2024. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company specialises in creating electric classics, offering bespoke motor conversions for existing classic or replica cars. Based near London, they offer electrification, modification, and collaboration services, tailoring solutions to individual needs. Their website highlights a passion for classic and kit cars, integrating electrification to provide reliability, performance, and environmental benefits. Dr. Nick Mason, with over 20 years of automotive OEM experience, leads the company, having previously worked at Ford Motor Company.

Financially, Ecoclassics Limited presents a mixed picture. Cash reserves have increased significantly, jumping 230% to £46,000, which is good news. However, net assets have plummeted 99%, resulting in a net asset value of just £730. Bank borrowings have decreased by 25%, and creditors remain steady. Finished goods and goods for resale have increased by 24%, which could be a sign of growing inventory. The company’s small size and lack of employees (just one reported) keep overheads low, but the substantial equity decline warrants further investigation. There’s no auditor mentioned, so the financial statements are unaudited.

It seems like Ecoclassics Limited is navigating a period of change, with a focus on growth and innovation in the electric classic car market. The company’s financial performance suggests a need to carefully manage costs and maintain a strong cash flow to ensure long-term sustainability.

Registered in England/Wales under the registration number 12274348, with a registered address at CM9 4GD, United Kingdom, Maldon, Essex, Office 16 Bentalls Shopping Centre, Colchester Road.

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