Ecotune Uk Ltd

Ecotune Uk Ltd from London UK: a small, active company founded 16 years ago, employs seven people, and holds £673,921 in assets. Operating from a virtual address, the company is led by a solo founder and a single director. It runs an e-commerce site and regularly imports and exports vehicles, parts, and accessories (excluding trains and trams) – 25 months of imports and 12 months of exports recorded.

The company specializes in performance upgrades for cars and commercial vehicles, offering a wide range of products from APR tuning to DO88 cooling kits. The website showcases a diverse selection of brands including Audi, BMW, Porsche, and Mercedes, catering to enthusiasts seeking enhanced performance. It's clear that Ecotune is targeting a niche market of high-performance vehicle owners, with a focus on quality components and expert installation.

Financially, Ecotune Uk Ltd presents a mixed picture. While cash reserves increased by 14% to £640,000, bank borrowings surged by a substantial 990%, reaching £20,000. Creditors decreased by 35%, which is good, but other creditors increased significantly, jumping 1200% to £13,000. Property, plant, and equipment have seen a decline, with motor vehicles dropping 25% and plant machinery falling 53%. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the increase in bank borrowings suggests a need for careful financial management. The accounts are unaudited, as is typical for small companies, and no auditor is mentioned. It’s worth noting that loans from directors decreased by 66%, which could be a positive sign of reduced personal investment.

Registered in England/Wales under the registration number 06807470, with a registered address at N1 7GU, London, United Kingdom, 20 Wenlock Road.

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