Kernow Transporters Ltd

Kernow Transporters Ltd, based in St Ives, UK, is a small, active company founded 10 years ago. With two employees and £68,316 in assets, it operates from a virtual address shared by 77 other companies, a bit unusual. The business is led by a single director and owner, Milton Richard Lawrence, who also serves as the solo founder. Kernow Transporters regularly imports furniture, lighting, and prefabricated buildings – a consistent stream of imports over the last four months.

The company’s website, kernowtransporters.co.uk, focuses on Volkswagen California repairs and upgrades, offering parts and services. It’s clear that the business caters to enthusiasts of these vehicles, with a shop section and a focus on “falling back in love” with their California. The site also mentions a connection to Audi RS transfer box repairs, suggesting a broader expertise in automotive work.

Financially, Kernow Transporters Ltd shows a mixed picture. Current assets have decreased by 40%, dropping to £68,000, and net assets have plummeted 26%, reaching -£160,000. Bank borrowings remain steady at £9,700, but cash reserves have increased by a significant 110%, jumping to £6,000. Creditors have stayed consistent at £230,000. It’s a small company, meeting two of three conditions for small business status, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The company operates in the freight transport by road industries. There’s no auditor mentioned, likely due to its small size.

While the increase in cash reserves is positive, the substantial net loss and declining assets raise concerns. The company’s focus on specialized Volkswagen repairs and upgrades suggests a niche market, but the financial pressures indicate a need to carefully manage expenses and potentially explore new revenue streams.

Registered in England/Wales under the registration number 09445335, with a registered address at TR26 1QU, United Kingdom, St Ives, Cornwall, The Old School, The Stennack.

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