Halliwell Jones (north Wales) Limited

Halliwell Jones North Wales Ltd, based in Llandudno Junction, UK, is a large, holding company with an active status. Established 48 years ago in 1976, the company employs 62 people and holds £18,382,364 in assets. It’s a real address, managed by five directors and one owner. The company regularly exports vehicles, parts, and accessories (excluding trains and trams), with 12 months of export activity recorded.

The company operates as an official BMW retailer, offering a range of services including test drives, servicing, and finance options. Its website highlights a focus on electric vehicles, offering a quiz to help customers determine if an electric or plugin hybrid car is right for them. The site also features a used car locator, news and offers, and a dedicated section for business and fleet customers. It's clear that Halliwell Jones North Wales is heavily invested in the BMW brand, offering a full suite of products and services.

Financially, the company shows some interesting trends. Accrued liabilities increased by 11%, while depreciation on computer equipment rose by 15%. Staff costs increased by 7.3%, and net losses deepened to £880,000, a significant drop from the previous year. Cash reserves fell by 43%, and bank borrowings surged by 83%. However, creditors decreased by 9.7%, suggesting some improvements in managing debt. The company’s size (meeting two of three criteria for a large company) allows for agility, but the decline in profits and cash reserves warrants attention. The company's audit was conducted by MHA, and the report was signed by Virginia Cooper FCA.

It's likely that the company's recent investments in electric vehicles and the shift towards agency sales, as mentioned in the Strategic Report, are contributing to these financial pressures. Whether these changes will ultimately prove successful remains to be seen, but Halliwell Jones North Wales appears to be adapting to a changing automotive landscape.

Registered in England/Wales under the registration number 01266292, with a registered address at LL31 9PL, United Kingdom, Llandudno Junction, Ffordd Maelgwyn, Tre Marl Industrial Estate.

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