Fairmont Sports And Classics Ltd

Fairmont Sports And Classics Ltd from Bishops Stortford UK: small company, active status, founded 6 years ago, 10 employees, £3,225,956 assets, real address, 1 director, 1 owner, solo founder, google rating 5.0 based on 89 reviews. Regular importer of vehicles, parts, and accessories (not for trains or trams) (7 months imported). 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, employees less than 50. The company operates in the sale of used cars and light motor vehicles industries. Officially, it has one owner or PSCs, one director, and ten employees.

Fairmont Sports And Classics Ltd’s website is currently unavailable, making it difficult to assess their online presence or e-commerce activities. It’s unclear if they operate a dedicated online store or rely solely on offline sales and marketing efforts.

The company's financial report reveals a mixed picture. While current assets increased by a solid 33% to £3.2 million, net assets took a significant hit, plummeting 100% to -£660,000. Bank borrowings have decreased by 32% to £22,000, and cash reserves saw a substantial increase of 1800%, reaching £170,000. Trade debtors decreased by 62%, suggesting improved collection efforts. However, the dramatic drop in equity is a cause for concern, potentially indicating increased liabilities or reduced retained earnings. The company’s small size helps it stay agile, but the sharp equity decline raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's sole director, Scarborough David Martin James, appears to be driving both the business and its financial direction. It's a solo founder operation, and the company's success hinges on his expertise and management skills. The company's rating of 5.0 on Google suggests a positive customer experience, but the financial report highlights challenges that need to be addressed to ensure long-term sustainability.

Registered in England/Wales under the registration number 11917085, with a registered address at CM23 3BT, United Kingdom, Bishops Stortford, Hertfordshire, C/O Causeway House, 1 Dane Street.

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