Goodmayes Motors (sales) Limited

Goodmayes Motors Sales Ltd from Essex UK: a small, active company founded 25 years ago, employs four people, and holds £2,536,675 in assets. Operating from a virtual address, the company is led by two directors and has one owner, boasting a stellar 5.0 Google rating from 73 reviews. A regular importer of vehicles, parts, and accessories (excluding trains and trams), with 163 months of import activity recorded, the business is a specialist in Japanese car imports.

The company’s website showcases a wide selection of used cars, particularly Japanese models like Toyota Estima, Nissan Elgrand, and Toyota Alphard. Customers can search by age, weight, mileage, price range, fuel type, and transmission, indicating a focus on providing a user-friendly online shopping experience. The site also promotes finance options and highlights a partnership with Japanese car insurers, suggesting a commitment to customer service and support. The company’s physical location is in Purfleet, Essex, and the site clearly states opening hours.

Financially, Goodmayes Motors Sales Ltd presents a mixed picture. Cash reserves have grown significantly, increasing by 23% to £550,000, a positive sign of liquidity. However, trade debtors have risen by 3.4% to £1,700,000, which could indicate challenges in collecting payments. Creditors have also increased by 10%, reaching £570,000, and bank borrowings have decreased by 4.7% to £680,000. Despite these changes, net assets have increased by 16% to £1,300,000. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the increase in debtors warrants close monitoring. The accounts are unaudited, and no auditor is listed, which is typical for companies eligible for exemption under the Companies Act. Overall, Goodmayes Motors appears to be a stable, albeit somewhat reliant on its debtors, business with a strong online presence and a reputation for quality Japanese cars.

Registered in England/Wales under the registration number 03849353, with a registered address at IG1 4TG, Essex, 249 Cranbrook Road, Ilford.

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