Evclassics Ltd

Evclassics Ltd is a private limited company registered in England/Wales with the registration number 23851373. The company was founded three years ago on November 30, 2021, and registered at WC1A 2HL, England, London, First Floor,, 19 Little Russell St. Its status is active. Officially, it has two owners or PSCs, four directors, and two employees. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

The company operates in the renting and leasing of cars and light motor vehicles industries. Its website, EV Classics, focuses on converting classic and everyday cars into electric vehicles, aiming to create a cleaner, greener future. The site highlights the benefits of EV conversions, including reduced carbon footprints, conservation of resources, and cost-effectiveness compared to buying new electric vehicles. It even offers a "hire an EV classic" service. The company’s vision is to create a cleaner, greener, and more sustainable future.

Financially, Evclassics Ltd is showing some concerning trends. Net assets have plummeted 74% to -£94,000, and cash reserves have fallen 25% to £2,800. Bank borrowings have increased by 2,400%, reaching £29,000. Creditors have also increased by 34% to £190,000. The company’s average number of employees during the period increased by 100%, from two to four. Despite these challenges, the company’s assets remain at £4,700. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

The company’s focus on EV conversions is a niche market with growing appeal, but the financial data suggests it's burning through cash. Whether it can sustain its operations and achieve profitability remains to be seen.

Registered in England/Wales under the registration number 13773089, with a registered address at WC1A 2HL, England, London, First Floor,, 19 Little Russell St.

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