Euroroute Limited

Euroroute Limited is a small, active company based in Dumfries, UK, established 37 years ago in 1988. With 43 employees and £2,140,963 in assets, it operates from a virtual address – twelve companies are registered at the same location, which is a little odd. The business is a family affair, overseen by four directors and three owners. It’s a bit of a complicated setup.

The company’s primary focus is the retail trade of motor vehicle parts and accessories. It acts as an irregular importer and exporter, bringing in vehicles, parts, and accessories for short periods – two months of imports and one month of exports were recorded, with the most recent activity in December 2024 for imports and October 2024 for exports. They also offer breakdown and recovery services, as evidenced by their website, Euroroute Recovery, which prominently features a call-now number and details a wide range of vehicle recovery options, from cars to HGVs. The website also advertises garage services and even transport for prestige vehicles.

Financially, Euroroute Limited’s recent performance shows some interesting trends. Cash reserves have surged by a remarkable 220%, reaching £840,000, which is a positive sign. However, net assets have also increased by 48%, reaching £2,100,000, and bank borrowings have increased by 200%, reaching £200,000. Creditors have also increased, rising by 24% to £1,800,000. Trade debtors have increased by 33%, reaching £770,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in borrowings suggests a need for careful financial management. There was no auditor mentioned, likely due to the company’s status as a small company.

Overall, Euroroute Limited appears to be a resilient, family-run business navigating the challenges of the automotive parts and recovery industry. While the financial picture is mixed, the strong cash position and focus on customer service suggest a solid foundation for future growth.

Registered in Scotland under the registration number SC110658, with a registered address at DG1 1JD, Dumfries, 51 Rae Street.

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