Fynnbrook Cars Ltd

Fynnbrook Cars Ltd from Colchester UK is a small, family-run business with an active status, established fifteen years ago. The company employs four people and holds £556,247 in assets, operating from a real address. With two directors and two owners, it’s a tight-knit operation, boasting a stellar 5.0 Google rating from five reviews. The company is an irregular importer, with its top import category being Art and Antiques, totaling 1 months of imports. The last import operation was conducted on July 01, 2021.

The company operates in the sale of new cars and light motor vehicles, the sale of used cars and light motor vehicles industries. Its website is non-existent, so it's unclear if it has an online presence beyond its physical location. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Financially, Fynnbrook Cars Ltd shows some concerning trends. Accumulated depreciation on plant machinery increased by 6.4%, and on vehicles by 6.3%. A significant decrease in cash bank on hand, falling 94% to just £31,000, is a worry. Bank borrowings have surged by 210%, reaching £100,000, and creditors have doubled to £100,000. On a brighter note, trade debtors decreased slightly. The company’s small size helps it stay agile, but the drop in equity—down 49% to £130,000—and the increase in debt raise questions about its long-term financial health. The company’s accounts are unaudited, relying on director-reported data.

The company’s director, Brett Ridgers, and his spouse received £141,667 of dividends, a decrease from £207,335 the previous year. While the company is currently active, these financial trends suggest it may be burning through money.

Registered in England/Wales under the registration number 06987376, with a registered address at CO4 5QX, Colchester, Essex, Wig Lane Straight Road, Boxted.

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