Fx Motorsport Ltd

Fx Motorsport Ltd, based in Clitheroe, UK, is a small, family-run business with an active status. Founded fifteen years ago in 2010, the company employs eleven people and holds £199,051 in assets. It operates from a real address within Barrow Brook Business Park and is managed by two directors and owners, Potts Andrew Bryan and Potts Charles Thomas. The business is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with its last import activity recorded over four years ago in August 2020. The company’s website is non-existent.

Fx Motorsport Ltd provides maintenance and repair of motor vehicles and offers other business support services. It’s a small company, meeting two of three criteria: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It’s a tight-knit operation, and the business seems to be a family affair.

Financially, Fx Motorsport Ltd presents a mixed picture. Current assets have increased slightly to £200,000, while net assets have jumped significantly to £390. However, bank borrowings have increased by a substantial 2,400%, reaching £29,000, and cash reserves have fallen by 9.7% to £2,700. Creditors have also increased by 19%, suggesting a reliance on short-term financing. The company’s small size helps it remain agile, but the increase in borrowings and decrease in cash reserves raise questions about its financial sustainability. There's no auditor mentioned, likely due to its status as a small company.

The company’s financial data suggests it’s burning through cash, but the increase in net assets indicates some positive developments, perhaps from increased sales. The directors are likely focused on growing the business, but it’s important to monitor cash flow closely.

Registered in England/Wales under the registration number 07134049, with a registered address at BB7 9BQ, England, Clitheroe, Unit7 Barrow Brook Business Park Lodge Close, Barrow.

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