Joe Macari Performance Cars Limited

Joe Macari Performance Cars Ltd, based in London, UK, is a large, active company founded ten years ago in 2014. Despite employing just one person, it holds significant assets—£25,726,699—and generates impressive revenue of £101,665,461 annually. With a real address, two directors, and one owner, the company maintains a stellar 5.0 Google rating from 421 reviews. It regularly imports art and antiques (for four months, with the last import in March 2024) and exports vehicles, parts, and accessories (for nine months, with the last export in August 2024).

The company specializes in the sale of high-end performance cars, particularly Ferraris and Maseratis, as highlighted on its website. Joe Macari, the owner, has a long history in the racing and restoration of these vehicles, evident in the company’s classic car workshop and restoration services. The website showcases a collection of rare and valuable cars for sale, including a Lamborghini Miura and an Aston Martin DB7 Zagato. The business operates both a showroom and a service center, catering to enthusiasts and collectors.

Financially, Joe Macari Performance Cars Ltd presents a mixed picture. While turnover decreased by 18% to £100 million, and net assets declined by 27% to £18,000, bank borrowings surged by 2,400% to £39 million. Cash reserves fell by 80% to £1.5 million, and trade debtors increased by 55% to £9.2 million. Creditors decreased by 71% to £1 million. The company’s large size (meeting two of three criteria for turnover over £36 million, assets over £18 million, and more than 250 employees) suggests a robust operation, but the sharp decline in equity and cash reserves raises questions. The company’s financial statements were audited by Westcotts (SW) LLP.

Overall, Joe Macari Performance Cars Ltd appears to be a successful, albeit potentially cash-strapped, business. Its focus on high-end vehicles and expert services positions it well in the luxury car market, but the company will need to manage its finances carefully to sustain its growth and profitability.

Registered in England/Wales under the registration number 09360245, with a registered address at SW18 5EB, United Kingdom, London, 249-251 Merton Road.

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