Heavy Duty Parts Limited

Heavy Duty Parts Ltd from Retford UK: a small company, holding company, with an active status, was founded 30 years ago. It employs 18 people and holds £2,564,019 in assets, operating from a real address with two directors and one owner. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), having imported for 450 months and exported for 311 months.

The company's website highlights its role as a specialist supplier of Original Equipment parts for the bus and coach industry, catering to PSV operators. It focuses on providing parts for various makes and models, particularly Neoplan, Setra, Mercedes, and MAN. The website emphasizes a comprehensive range of parts, from chassis components to interior fittings, and a team of experienced parts specialists. It also mentions a separate division focused on piano restoration, operating from Cambridge and even featuring a showroom in Harrods.

Financially, Heavy Duty Parts Ltd presents a mixed picture. While current assets remained stable at £2,600,000, net assets decreased by 14% to £1,500,000. Bank borrowings increased by 100%, reaching £29,000, and cash reserves dropped 34% to £620,000. Creditors increased by 25%, suggesting a reliance on trade credit. The company meets the criteria for a small company, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt from an audit as a small company.

The company’s growth in cash reserves may be a good sign, but the increase in borrowings and decrease in net assets indicate it’s burning through money. The dual focus on bus parts and piano restoration could offer diversification, but it also presents challenges in managing two distinct businesses.

Registered in England/Wales under the registration number 03002981, with a registered address at DN22 7PX, Retford, Nottinghamshire, Aurillac Way, Hallcroft Industrial Estate.

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