Fastline Pty Ltd

Fastline Pty Ltd from Grantham UK is a small, active company founded 18 years ago. With nine employees and £377,765 in assets, it operates from a real address and is led by two directors and one owner. The company regularly imports vehicles, parts, and accessories (excluding trains and trams) – 43 months of import activity recorded, the latest in February 2025 – and exports electrical machinery and equipment, with 111 months of export activity, also concluding in February 2025.

The company’s core business revolves around the wholesale trade of motor vehicle parts and accessories, and its website, while minimal, suggests a focus on supplying parts to garages and repair shops. There's no obvious e-commerce presence for direct consumer sales. The business appears to be a B2B operation, relying on established relationships and trade channels.

Financially, Fastline Pty Ltd presents a mixed picture. Current assets have declined by 20%, dropping to £380,000, while net assets have increased by 85%, reaching £8,900. Bank borrowings have decreased by 13%, settling at £38,000, and cash reserves have experienced a significant drop of 260%, ending at -£20,000. Creditors have decreased by 4.5%, suggesting improved debt management, and trade debtors have fallen by 37%. 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 decline in cash reserves is a concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited director-reported data.

The increase in net assets is encouraging, but the negative cash balance indicates the company is burning through money, possibly relying on credit or delayed payments to keep operations running. The decrease in trade debtors is positive, suggesting faster payment cycles. Overall, Fastline Pty Ltd seems to be navigating a challenging financial landscape, with a need to carefully manage cash flow and maintain strong supplier relationships.

Registered in England/Wales under the registration number 05858399, with a registered address at NG31 9SR, England, Grantham, Lincolnshire, Unit 12, Woodland Drive, Alma Park Road.

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