Essex Bodies Limited

Essex Bodies Ltd, based in Rayleigh, UK, is a small, active company founded 33 years ago in 1992. With 19 employees and £850,395 in assets, it’s a well-established player in its field. The company has a real address and is managed by three directors and two owners, holding a respectable 4.0 Google rating from 15 reviews. It's an irregular importer, primarily bringing in vehicles, parts, and accessories, with its last import activity recorded over a year ago.

Essex Bodies Ltd specializes in the manufacture of bodies for commercial vehicles, acting as an approved supplier to truck manufacturers and partnering with local councils and municipal suppliers. The company boasts a minimum two-year guarantee on its workmanship and has achieved Conformity of Production status, self-certifying the majority of its vehicles. Its website highlights partnerships with Mercedes Benz and other manufacturers, and offers bespoke bodybuilding services, including recycling, removals, and signwriting.

Financially, Essex Bodies Ltd shows some concerning trends. While current assets increased by 15% to £850,000, net assets decreased significantly by 44% to -£130,000, indicating a loss of equity. Bank borrowings increased by 33% to £390,000, suggesting increased reliance on debt financing. Cash reserves, however, jumped by a remarkable 110% to £42,000, which is a positive sign. Trade debtors rose by 39%, potentially reflecting increased sales but also a risk of delayed payments. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

The company’s declining equity and increased debt are a cause for concern, but the rise in cash reserves and the growth in trade debtors suggest ongoing business activity. It's likely the company is facing some financial pressures, but its established partnerships and skilled workforce could help it navigate these challenges.

Registered in England/Wales under the registration number 02688283, with a registered address at SS6 7UP, United Kingdom, Rayleigh, Essex, Arterial House Claydons Lane, Claydons Lane.

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