F.m Motors E7 Ltd

F.m Motors E7 Ltd is a small, active company registered in London, UK, founded two years ago in December 2022. It’s a solo founder operation, managed by a single director and owner, Ahmed Farhad. With just one employee and £8,618 in assets, it operates from a real address in Forest Gate and is classified as a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company regularly imports vehicles, parts, and accessories (excluding trains and trams), with four months of import activity recorded, the last in July 2023.

The company’s website, though not fully developed, indicates a focus on the sale of used cars and light motor vehicles. It operates within the automotive industry, offering services such as vehicle sales and potentially repairs. The business appears to be a straightforward operation, likely focused on local sales and potentially online listings.

Financially, F.m Motors E7 Ltd presents a mixed picture. Current assets have seen a significant increase, jumping 3600% to £8,600, while cash bank on hand has also increased by 16% to £270. However, creditors have risen substantially by 36% to £55,000, and net assets and liabilities are negative, at -£47,000. Bank borrowings are not mentioned, but the increase in creditors suggests a reliance on short-term financing. The company's retained earnings and accumulated losses are also negative. The accounts are described as "filleted," meaning they are simplified and unaudited, and were prepared using FRS 102. A director loan of £53,162 is included within other creditors.

While the company's assets have increased, the negative equity and rising creditors indicate a potential strain on its financial health. The solo founder structure and small size contribute to its agility, but the business is clearly burning through money. The lack of an auditor (likely exempt as a small company) means the figures rely on director-reported data, which could be a concern. It's likely the company is in a startup phase, reinvesting earnings into growth, but it needs to carefully manage its creditors to avoid financial difficulties.

Registered in England/Wales under the registration number 14556606, with a registered address at E7 9AE, United Kingdom, London, 265 Sprowston Mews, Forest Gate.

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