Indica Automotive Limited

Indica Automotive Ltd from Wellington UK is a small holding company with an active status, established eleven years ago in 2014. The company employs twelve people and holds £1,005,753 in assets. It has a real address, is managed by one director and one owner, and currently has a low Google rating of 1.0 based on just one review. The company regularly imports vehicles, parts, and accessories – not for trains or trams – with sixty-three months of import activity recorded, the latest in January 2025.

The company operates in the manufacture of other parts and accessories for motor vehicles. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s website is not available, which makes it difficult to determine if it operates an e-commerce site.

Financially, Indica Automotive Ltd presents a mixed picture. While current assets increased by 39%, net assets decreased by 17%. Bank borrowings decreased by 34%, suggesting reduced reliance on external financing. However, trade debtors increased by 89%, which could indicate challenges in collecting payments. Creditors increased by 73%, which might be due to increased purchasing activity. The company's property, plant, and equipment decreased by 37%, and depreciation charges remained consistent. The company is audited by Magma Audit LLP.

The company's small size and holding company status likely contribute to its agility, but the fluctuating financials raise questions about its long-term stability. The increase in trade debtors and creditors, coupled with the decrease in cash reserves, suggests that the company is burning through money, which is not uncommon for startups. The lack of management information makes it difficult to assess the underlying causes, but the company’s continued operation suggests that it has found a way to manage its finances effectively.

Registered in England/Wales under the registration number 09028998, with a registered address at TA21 8FQ, England, Wellington, Lillebonne Way Pritex Limited, Lillebonne Way.

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