Elcar Limited

Elcar Limited, based in Newcastle Upon Tyne, UK, is a small, active company established thirteen years ago. With eight employees and £372,175 in assets, it operates from a real address and is led by a single director and owner. The company boasts a stellar 5.0-star Google rating based on three reviews and regularly imports vehicles, parts, and accessories—a trend spanning nine months, with the latest activity in October 2024.

The company specializes in the manufacture of electrical and electronic equipment for motor vehicles and their engines, offering a range of services including unit remanufacturing, customer testing, and diagnostics. Its website highlights expertise in electric steering systems, offering components like racks, pumps, and columns, alongside hydraulic alternatives. It also emphasizes competitive pricing, state-of-the-art testing equipment, and a commitment to technical support. A large stock of units is ready for immediate dispatch, and a remanufacture and return service is available for those needing specialized solutions.

Financially, Elcar Limited shows a mixed picture. Current assets increased by 23% to £370,000, while net assets decreased by 1.8% to £300,000. Cash reserves saw a healthy 22% increase to £140,000, but trade creditors surged by a substantial 150% to £60,000—suggesting increased reliance on short-term borrowing. Debtors also increased significantly, by 65%, to £64,000. 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 agility, but the rise in creditors warrants closer monitoring. The accounts are unaudited, likely due to the company’s small size, and rely on director-reported data.

Despite the financial fluctuations, Elcar Limited appears to be a well-regarded specialist in automotive steering components, leveraging its expertise and efficient operations to maintain a competitive edge.

Registered in England/Wales under the registration number 08000741, with a registered address at NE16 3BQ, England, Newcastle Upon Tyne, Unit B Derwenthaugh Industrial Estate, Derwenthaugh Road, Swalwell.

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