Jm-imports Ltd

JM Imports Performance and Supercar Tuning, based in Newcastle Upon Tyne, UK, is a small, active company established 19 years ago. With 13 employees and £569,517 in assets, it’s a real address operation overseen by two directors and a solo founder. The company is a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), with 227 months of import activity and 5 months of export activity. They operate a tuning and servicing workshop, importing and exporting vehicles, and selling performance parts.

Their website showcases a diverse range of services, from performance tuning and dyno testing to engine builds and wheel alignment. They also retail a selection of performance parts, including Turbosmart components, and sell used supercars. The site’s focus is on high-performance vehicles, with a particular emphasis on Nissan GTR, Lamborghini Huracan, and other exotic car tuning. They also offer detailing, preparation, and tuning modifications, and even have a Youtube channel with over 36,000 subscribers.

Financially, JM Imports shows a mixed picture. Cash bank on hand dropped significantly, decreasing by nearly 50% to £56,000. Trade debtors increased substantially, rising by 280% to £180,000, which could indicate a shift in payment terms or an increase in sales on credit. However, creditors also decreased by 32%, suggesting improved debt management. Equity, including retained earnings and accumulated losses, increased by a considerable 240% to £310,000. Although the company is small, meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees, the increase in equity is a positive sign. As a small company, they are exempt from an audit, and the financial statements are unaudited.

The significant decrease in cash reserves, however, warrants attention. It's possible this is a result of increased investment in inventory or expansion of operations, but it could also indicate a need to manage cash flow more effectively. The increased debtors, while potentially reflecting growth, also carries the risk of bad debts. Overall, JM Imports appears to be a dynamic, albeit cash-sensitive, business navigating the competitive world of performance car tuning.

Registered in England/Wales under the registration number 05776194, with a registered address at NE12 9SW, United Kingdom, Newcastle Upon Tyne, Unit 12 Bellway Industrial Estate Whitley Road, Longbenton.

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