Lb Specialist Cars Ltd

Lb Specialist Cars Ltd, based in Newark, UK, is a small, family-run business with an active status. Founded fifteen years ago in 2010, it employs eight people and holds £286,876 in assets. With a real address and three directors, the company operates as a regular exporter of vehicles, parts, and accessories – seven months of exports were recorded, with the latest in December 2024. It also engages in irregular importing of optical and medical tools and devices, with just one month of import activity recorded back in November 2020.

The company’s website highlights its specialization in reimagining the iconic 1970s Lancia Stratos, producing the STR. It's a modern replica of the classic rally car, offering bespoke styling and mechanical options. The site emphasizes British craftsmanship and a commitment to preserving the Stratos’s heritage, even referencing its museum-grade restorations and self-play system integrations. The website is well-designed and professional, indicating a focus on attracting high-end customers.

Financially, Lb Specialist Cars Ltd presents a mixed picture. Creditors have surged dramatically, increasing by 130% to £150,000, while cash bank on hand has improved by 31% to £6,500. Current assets have also seen a healthy rise of 50% to £290,000. However, net assets have increased by a more modest 10% to £150,000. The company’s small size (meeting two of three conditions for being classified as small) helps it remain flexible, but the increase in creditors suggests it may be relying on borrowing to fund operations. The company is exempt from an audit, so the figures are unaudited.

The company’s focus on a niche market—reproducing a classic rally car—allows it to command premium prices. However, the reliance on borrowing and the lack of a large cash reserve could pose challenges in the long run. It seems like they are doing well, but it's important to keep an eye on their debt levels.

Registered in England/Wales under the registration number 07223402, with a registered address at NG24 4TE, Newark, 17 Sandhill Road, Farndon.

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