Essex Turbochargers Limited

Essex Turbochargers Ltd, based in Burnham On Crouch, UK, is a small, active company founded 38 years ago in 1987. With ten employees and £231,961 in assets, it’s a well-established business operating from a virtual address shared by 58 other companies. The company, owned and directed by Michael and Steven Ireland, runs an e-commerce site specializing in turbocharger sales and services, boasting a 4.0 Google rating from 43 reviews. It regularly imports machinery, boilers, and mechanical appliances—parts, with 50 months of import activity recorded—and occasionally exports vehicles, parts, and accessories, with just one month of export activity as of May 01, 2021.

The company’s website, Essex Turbos, positions itself as the UK's leading independent turbo supplier, catering to car owners, fitting garages, mobile mechanics, car dealers, and motor factors. It offers exchange units, new turbos, and a range of services, including reconditioning and technical support. The site’s extensive product catalog covers a wide variety of car makes and models, and it emphasizes competitive pricing, a 12-year warranty, and fast delivery. It even has a section dedicated to turbochargers for popular brands like Audi, BMW, Ford, and Range Rover.

Financially, Essex Turbochargers Ltd presents a mixed picture. Cash bank on hand increased significantly by 230% to £55,000, a positive sign. However, net current assets liabilities decreased by 66% to -£41,000, suggesting increased short-term obligations. Trade creditors decreased by 57% to £50,000, which is good, but other taxation and social security payable increased by a whopping 170% to £82,000. 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 rise in tax obligations warrants attention. With no auditor mentioned (likely exempt as a small company), the financial data relies on unaudited statements.

In short, Essex Turbochargers Ltd seems to be navigating a period of change. The increased cash reserves are encouraging, but the rise in tax obligations and the fluctuating net assets suggest it's important to keep an eye on its financial health. The company's strong online presence and reputation for quality service, however, provide a solid foundation for future success.

Registered in England/Wales under the registration number 02092949, with a registered address at CM0 8AA, Essex, 2 High Street, Burnham On Crouch.

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