Euac Ltd

Euac Ltd, based in Luton, UK, is a small, active company founded 13 years ago. With six employees and £188,963 in assets, it’s a solo-founded operation managed by two directors. The company enjoys a perfect 5.0 Google rating from 26 reviews and regularly imports toys, games, and sports equipment – though the last import was back in May 2019.

Euac Ltd operates as a used car dealer, with a website showcasing a range of vehicles from Audi to Toyota. The site offers both sales and a car valuation service, and highlights a vehicle inspection service to assure customers. It’s clear they’re targeting a broad market, offering everything from budget-friendly options to premium models. They even have a section dedicated to certified cars, and a blog offering advice on buying used vehicles.

Financially, Euac Ltd’s numbers paint a mixed picture. Current assets have fallen by a significant 33%, dropping to £190,000, while net assets have plummeted to a negative £78,000. Cash reserves, however, have increased dramatically by 220%, reaching £42,000. Bank borrowings have decreased by 25%, and creditors have also fallen, suggesting improvements in debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity decline is a concern. The unaudited figures, as is typical for small companies, rely on director-reported data. It's a little worrying to see the negative equity, but the increased cash reserves could provide a buffer.

Registered in England/Wales under the registration number 07763616, with a registered address at LU4 9QD, England, Luton, Bedfordshire, 338 Oakley Road.

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