Garage Equipment Online Limited

Garage Equipment Online Limited, based in Birkenhead, UK, is a small, active company founded nine years ago. With four employees and £988,389 in assets, it operates from a real address and is managed by three directors and three owners. The company regularly imports and exports machinery, boilers, and mechanical appliances, including parts—with import activity spanning seven months and export activity spanning six.

The company’s website showcases a wide range of automotive servicing equipment, from tyre changers and wheel balancers to more specialized items like parking lifts and vehicle diagnostic equipment. It operates primarily as a supplier, offering sales, service, and installation. The website includes a blog and a lease calculator, suggesting an effort to engage customers and offer financing options. The site also highlights a 5-star service rating and FCA-approved lease finance, emphasizing reliability and customer support.

Financially, Garage Equipment Online Limited shows a mixed picture. Current assets declined by 10% to £990,000, while net assets also decreased by 7.2% to £760,000. Cash reserves, however, increased significantly by 55% to £230,000—a positive sign. Trade debtors have increased by 110%, which could indicate increased sales but also potential challenges in collecting payments. Liabilities have also seen changes, with accrued liabilities remaining stable, while other creditors have decreased. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in net assets warrants attention. No auditor is mentioned, which is typical for small companies. The increase in bank borrowings by 2,400% is a little concerning, but it could be linked to investment in inventory or expansion.

Registered in England/Wales under the registration number 10067195, with a registered address at CH41 1BN, England, Birkenhead, Merseyside, 1 Sandford Street.

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