German Car Specialist Limited

German Car Specialist Limited, based in Ilford, UK, is a small, active company established eighteen years ago. With four employees and £882,770 in assets, it operates from a real address and is managed by two directors and one owner. The company primarily deals in the sale of used cars and light motor vehicles, but also imports footwear and related items – a sporadic activity with just one month of imports recorded as of March 01, 2024.

The company’s website, while minimal, highlights its focus on used car sales and light motor vehicle services. There's no obvious e-commerce functionality; instead, it appears to be a basic informational site, likely relying on offline sales or inquiries.

Financially, German Car Specialist Limited presents a mixed picture. Cash bank on hand has seen a significant boost, increasing by 230% to £140,000 – a positive sign of improved liquidity. However, creditors have also risen considerably, jumping 15% to £550,000, and other creditors have increased by 57% to £210,000, which could indicate increased borrowing or extended payment terms. On the brighter side, the company's net current assets liabilities have improved by 22% to £330,000. Despite a slight dip in employees (four reported), the company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, and no auditor is mentioned, which is typical for companies of this size.

Overall, German Car Specialist Limited appears to be navigating a period of change. While increased borrowing is a concern, the substantial increase in cash reserves suggests the company is actively working to improve its financial position. The business’s focus on used car sales, combined with its irregular import activities, creates a unique operating model.

Registered in England/Wales under the registration number 05998649, with a registered address at IG6 3HZ, Ilford, Essex, 181 Forest Road.

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