Greased Lightning Ltd

Greased Lightning Ltd is a small, holding company based in Farnham, UK, with an active status. Established 34 years ago in May 1990, the company employs just two people and holds £79,048 in assets. It operates from a virtual address – a point of interest, as ten companies share the same location – and is overseen by two directors and two owners. A key feature is its e-commerce site, dedicated to car care products.

The company specializes in the wholesale of intermediate products and retail sales via mail order and internet industries. Its website, Greased Lightning, showcases a range of car care products, from showroom shine solutions to caravan and motorhome accessories. The site is well-designed, featuring a blog, customer reviews, and a clear focus on premium quality and ease of use. The site also offers a variety of bundles and accessories, catering to a range of customer needs.

Financially, Greased Lightning Ltd presents a mixed picture. While cash bank on hand has dramatically increased by 23,000%, jumping to £6,400, current assets have seen a 37% decrease to £79,000. Debtor values have fallen by 56%, which could indicate a shift in payment terms or a reduction in sales. The company’s net assets have declined by 6.7% to -£1,900,000, and borrowings have slightly decreased by 1.7% to £64,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt as a small company, relying on unaudited financial statements.

The company’s directors, Sharpe David Nigel and Salvage John Richard, are responsible for its management. While the financial data suggests some challenges, the active e-commerce site and focus on a niche market—premium car care—indicate a potential for growth. It’s worth noting that the company’s equity has been decreasing, which could be a cause for concern, but the increase in cash reserves offers a bit of breathing room.

Registered in England/Wales under the registration number 02505266, with a registered address at GU10 1PX, England, Farnham, Surrey, Sandy Farm, The Sands.

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