Karma Mobility Limited

Karma Mobility Ltd, based in Redditch, UK, is a small, family business with an active status, celebrating 25 years in operation. The company employs nine people and holds assets valued at £3,299,317. With five directors and three owners, Karma Mobility is a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), having imported for 123 months and exported for 26 months.

The company’s website showcases a wide range of mobility solutions, primarily wheelchairs and related accessories. It’s clearly an e-commerce operation, with detailed product descriptions, categories, and a blog featuring articles on wheelchair selection and life on wheels. The site doesn’s appear to have a physical showroom, instead focusing on online sales and directing customers to a network of stockists. The company emphasizes its expertise and offers guidance on choosing the right mobility device, catering to various physical conditions.

Financially, Karma Mobility Ltd’s recent report shows some concerning trends. Creditors have increased by a substantial 26%, reaching £280,000, while cash reserves have fallen by 11%, settling at £1,300,000. Trade debtors have also seen a significant decrease of 26%, dropping to £480,000. However, net assets have increased by a modest 4.7%, reaching £3,700,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it maintain agility, but the increase in creditors and decrease in debtors could indicate challenges in managing cash flow. The company's auditor, RCH Accountants Limited, has reported that the accounts are unaudited.

Despite these financial pressures, Karma Mobility Ltd’s focus on specialized mobility products and its online presence suggests a commitment to serving a specific market. The company’s long history and family ownership also point to a stable foundation, though the recent trends warrant careful monitoring.

Registered in England/Wales under the registration number 03774416, with a registered address at B98 8YN, Redditch, Worcestershire, Unit 6 Target Park, Shawbank Road.

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