Engine Clean Solutions Ltd

Engine Clean Solutions Ltd, based in Belfast, UK, is a small, active company founded eleven years ago. With a single employee and £100,912 in assets, it operates from a real address and is managed by one director and owner. The company is an irregular importer and exporter, dealing in machinery, boilers, and mechanical appliances, with import activity spanning two months and export activity for one month. 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, and employees less than 50.

The company's website, Engine Clean Solutions, focuses on providing innovative lubricants and TechnoChemical products for engines, catering to automotive, motorbikes, and boating markets. It operates as an online retailer, delivering additives and oils directly to customers, and even offers trade accounts. The site prominently features partnerships with brands like XENUM and SYNTEC4, emphasizing performance and fuel efficiency. It’s clear the company is trying to position itself as a specialist in engine care, with blog content and product descriptions highlighting the benefits of its offerings.

Financially, Engine Clean Solutions Ltd shows a mixed picture. Current assets have fallen by 35% to £100,000, while net assets have decreased by 6.6% to -£150,000. Bank borrowings have also seen a significant drop of 30%, down to £41,000, and cash reserves have plummeted 88% to just £7,000. Creditors have decreased by 21%, which is a positive sign, but the sharp decline in cash and the negative equity raise concerns. The company is exempt from an audit, so the financial statements are unaudited.

While the online retail operation appears to be active, the financial figures suggest the company is burning through money. The drop in cash reserves and negative equity are worrying signs, and it remains to be seen whether the company can sustain its operations and turn a profit.

Registered in Northern Ireland under the registration number NI622829, with a registered address at BT9 5NU, Belfast, 2a Newforge Lane.

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