Ford Spare Parts Ltd

Ford Spare Parts Ltd, based in Hitchin, UK, is a small, active company established nine years ago. With eight employees and £380,877 in assets, it’s a well-established player in the auto parts sector, boasting a perfect 5.0 Google rating from 219 reviews. The company operates from a real address and is led by a single director and owner, Ahmed Azeem.

Primarily focused on retail sales via mail order and the internet, Ford Spare Parts Ltd also owns Hitchin 16 Limited, suggesting a broader business strategy. The company’s website, though not provided, likely showcases a wide range of Ford spare parts and accessories, catering to both individual car owners and potentially repair shops. It’s a business built on convenience and accessibility for Ford vehicle enthusiasts.

Financially, Ford Spare Parts Ltd presents a mixed picture. While current assets increased by a healthy 65% to £380,000, net assets also rose by 10% to £110,000. However, bank borrowings surged by a significant 580% to £41,000, and cash reserves increased by 560% to £3,300. Trade debtors also increased by 67% to £21,000, which could indicate a period of growth but also potential challenges in collecting payments. Creditors decreased by 64%, a positive sign of improved debt management. The company’s small size—meeting two of three criteria for being classified as small—allows for agility, but the increase in bank borrowings warrants closer attention. No auditor is mentioned, which is typical for companies of this size. The company's assets are mostly in other inventories, which increased by 65%. The company's depreciation charge for the year remained the same.

Registered in England/Wales under the registration number 09723728, with a registered address at SG4 9UW, England, Hitchin, Unit 16 Station Approach.

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