Enginetuner Ltd

Enginetuner Ltd, based in Plymouth, UK, is a small, active company established 22 years ago. With 10 employees and £187,116 in assets, it’s a solo-founded operation led by a single director and owner. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating from 107 reviews. It occasionally imports machinery, boilers, and mechanical appliances, though the last import was way back in 2016.

The company’s website paints a picture of a specialist automotive performance engineering business. Established in 1983, Enginetuner offers engine builds, workshop services, restoration, parts supply, dyno tuning, and custom fabrication for all types of cars. They also handle servicing, repairs, MOTs, and suspension alignment. The site highlights a legacy of expert knowledge and engineering excellence, now under the leadership of Rob Osborne, who purchased the business in 2020. The website is well-designed and easy to navigate, with a blog and customer testimonials adding to its appeal.

Financially, Enginetuner Ltd’s numbers tell a mixed story. Cash reserves have increased dramatically, soaring 1,300% to £6,700, which is a positive sign. However, net losses have deepened, with retained earnings and accumulated losses now at -£370,000. Trade debtors have decreased by 30%, which could indicate improved cash flow management, but creditors have risen by 17%, reaching £550,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the equity decline is a concern. There’s no auditor mentioned, likely due to its status as a small company, so the figures are unaudited.

Overall, Enginetuner Ltd appears to be navigating a period of change. The increase in cash reserves is encouraging, but the growing losses and rising creditors suggest it’s burning through money. The company’s reputation for quality and its loyal customer base should help it weather the storm, but careful financial management will be crucial for its long-term success.

Registered in England/Wales under the registration number 04599837, with a registered address at PL7 1RF, England, Plymouth, Unit 1 Valley Road, Plympton.

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