Ignition Car Parts Limited

Ignition Car Parts Ltd from Wickford UK: a small, active company founded 17 years ago, employs just one person, and holds £56,977 in assets. Operating from a virtual address – where 32 other companies are registered – it's run by two directors and a solo founder, who also owns the business. The company’s e-commerce site features an impressive Google rating of 5.0 based on 21 reviews, and it regularly imports vehicles, parts, and accessories (not for trains or trams), with 13 months of import activity recorded.

The company’s website is a comprehensive catalogue of car parts, searchable by manufacturer, engine code, or part number. It lists a staggering number of brands, from Abarth to ZZZ, and offers a range of services, including distributor repairs and reconditioning. It even has a separate section dedicated to “Classic Sport Ignition,” showcasing a range of electronic ignition kits for vintage cars. The site also advertises Durofix and AcDelco tools, and offers custom machining services.

Financially, Ignition Car Parts Ltd presents a mixed picture. While bank borrowings decreased by 48%, dropping to £25,000, cash reserves have increased dramatically, rising 120% to £39,000. However, current assets have fallen by a significant 51%, down to £57,000. Creditors have also decreased, falling 4.7% to £250,000. Equity has improved, with retained earnings and accumulated losses decreasing by 14%, and a substantial 72% increase in revaluation reserves. The company’s small size – meeting two of three conditions for being considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees) – helps keep costs down, but the decrease in current assets warrants a closer look. The unaudited figures, and the lack of an auditor mentioned, mean these numbers rely on director-reported data.

Overall, Ignition Car Parts Ltd appears to be navigating a period of change. The strong Google rating and active import activity suggest a loyal customer base, but the fluctuating financials indicate a business that is working hard to maintain its position in a competitive market.

Registered in England/Wales under the registration number 06517237, with a registered address at SS11 8YU, England, Wickford, 1 Sopwith Crescent.

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