Electric Classic Cars Limited

Electric Classic Cars Ltd, based in Newtown, UK, is a small holding company with an active status, founded nine years ago in 2016. The company employs sixteen people and holds £751,202 in assets. It operates a real address and is managed by one director and one owner, running an e-commerce site. The company regularly imports and exports electrical machinery and equipment, with 101 months of import activity and 24 months of export activity.

The company’s website, Electric Classic Cars, specializes in converting classic cars to electric power, boasting the title of "World's Largest Converter." It offers conversions for iconic models like the Mini, VW Beetle, and Land Rover Defender, catering to a growing demand for electric classic car solutions. The site also features an online shop selling merchandise like t-shirts and art prints. It's clear they are aiming for a premium market, highlighting the company’s expertise and passion for classic cars.

Financially, Electric Classic Cars Ltd presents a mixed picture. While current assets increased by 12% to £750,000, net assets decreased by 34% to £230,000. Bank borrowings increased by 8% to £230,000, and cash reserves fell by 1.5% to £340,000. Creditors decreased by 49%, which is a positive sign. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no mention of an auditor, which is common for small companies exempt from an audit.

The company's equity has been decreasing, which might suggest it's burning through cash to fund its operations and expansion. It’s possible the company is investing heavily in its conversion business, but it's also a sign that it needs to manage its finances carefully. The increase in bank borrowings also suggests a need for additional capital. Despite these challenges, the company’s focus on a niche market and its reputation for quality conversions position it well for future growth—but it will need to keep a close eye on its financial performance.

Registered in England/Wales under the registration number 09989134, with a registered address at SY16 4LE, Wales, Newtown, Unit 37 Mochdre Industrial Estate, Mochdre.

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