Garage 56 Ltd.

Garage 56 Ltd, based in Silverstone, UK, is a small, active company founded ten years ago in 2014. It holds £65,162 in assets and operates from a real address within the Silverstone Technology Park. With two directors and two owners, the company is a tight-knit operation. It's 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’s core business involves developing and supplying products for interesting cars, as evidenced by its website. It appears to focus on engineering quality and customer support, with a particular emphasis on the Morgan 3 Wheeler, offering ECU upgrades and related services. The website also features a gallery and newsletter signup, suggesting a focus on engaging with car enthusiasts. While it’s a regular exporter of vehicles, parts, and accessories (not for trains or trams) with four months of export activity, it’s an irregular importer, with just one month of import activity recorded as of May 2021.

Financially, Garage 56 Ltd shows a mixed picture. Current assets decreased by 8.7% to £65,000, while net assets plummeted 38% to just £9,700. Cash reserves fell 51% to £7,100, and trade debtors decreased by 14%. While creditors also fell slightly, the significant drop in equity raises concerns. The company’s small size helps it remain agile, but the equity decline suggests it may be burning through cash. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It’s clear that Garage 56 Ltd is navigating a challenging financial landscape, even though it has a strong product offering and a dedicated customer base. Whether it can sustain its operations and continue to innovate in the automotive aftermarket remains to be seen.

Registered in England/Wales under the registration number 09312048, with a registered address at NN12 8GX, England, Silverstone, Northants, Unit 2220 Silverstone Technology Park, Silverstone Circuit.

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