Fleet Factors Limited

Fleet Factors Limited, based in Middlesbrough, UK, is a holding company with a long history, having been established 49 years ago in 1975. The company currently employs around 350 people and boasts assets totaling £20,094,669. With seven directors and one owner, it operates from a real address and maintains an active trading status.

The business primarily functions as a regular importer, bringing in vehicles, parts, and accessories—a trend that’s continued for the last 36 months. It also exports machinery, boilers, and mechanical appliances, with 12 months of recorded export activity. While the company’s website isn's available, it’s clear from the financial data that Fleet Factors is involved in the retail trade of motor vehicle parts and accessories, industrial plant maintenance, and the vehicle refinish market.

Looking at the numbers, Fleet Factors’ financial health presents a mixed picture. While turnover remained stable at £23 million, net assets decreased by 11%, dropping to £18 million. Cash reserves declined by 33%, settling at £7 million. Bank borrowings, however, saw a significant drop of 36%, falling to £830,000—a positive sign. Creditors also decreased by 33%, suggesting improved debt management. The company’s staff costs increased by 1.4%, reaching £9 million, and net losses deepened to -£3.4 million.

The company’s auditor, Mullen Stoker Chartered Accountants, has issued an unqualified opinion on the financial statements. The decrease in net assets, despite stable turnover, could be attributed to increased operating expenses or investments in the business. The reduction in bank borrowings suggests a successful effort to manage debt. It’s worth noting that the company’s single owner, Hunter Michael John, holds a significant stake, and the directors are responsible for the financial statements. The decline in cash reserves, however, warrants further investigation, as it could indicate a reliance on credit or a need to improve cash flow management.

Registered in England/Wales under the registration number 01231325, with a registered address at TS6 6JB, Middlesbrough, Cleveland, Unit 3/4 Wallis Road, Sotherby Road.

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