Kent Garage Equipment Ltd

Kent Garage Equipment Ltd, based in Chatham, UK, is a small, active company founded nine years ago. With nineteen employees and £1,160,632 in assets, it’s a family business boasting a perfect 5.0 Google rating from nine reviews. The company regularly imports optical and medical tools and devices, with its last import operation recorded in June 2024.

The company’s website describes it as a supplier of garage equipment, though it doesn’t appear to have an e-commerce presence. Instead, it seems to operate as a B2B supplier, likely offering installation and repair services. It’s a tight-knit operation, managed by one director and two owners, with a real registered address.

Financially, Kent Garage Equipment Ltd shows some concerning trends. Cash reserves have fallen by 40%, dropping to £120,000, and net assets have decreased by 21%, settling at £340,000. Bank borrowings have also seen a significant drop, falling by 30%, though at £23,000, it's still a factor. Trade debtors have increased substantially, by 84%, suggesting potential issues with customer payments, while creditors have also risen, by 24%. Despite these challenges, the company’s small size (meeting two of three conditions for a small company) allows for flexibility. The lack of an auditor mentioned suggests it’s exempt as a small company, and the figures are unaudited.

It’s clear that while the company maintains a strong reputation—evidenced by its Google rating—it’s facing financial pressures. Whether it can sustain its growth and profitability remains to be seen, but the family-run nature of the business could prove a valuable asset in navigating these challenges.

Registered in England/Wales under the registration number 10124440, with a registered address at ME5 8RF, United Kingdom, Chatham, Kent, Unit 7 Glade Point, Gleaming Wood Drive.

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