Lucky Dale Cars Ltd

Lucky Dale Cars Ltd, based in Croydon, UK, is a small, active company founded nine years ago. With seven employees and £974,527 in assets, it operates from a real address and is led by one director and owner. The business boasts a respectable 4.0 Google rating from 74 reviews and functions as an irregular importer, primarily dealing in vehicles, parts, and accessories—with recent activity recorded two months ago in December 2024.

The company's website is non-existent, so it’s difficult to know exactly what they do beyond what’s stated in the report. However, the company operates in the maintenance and repair of motor vehicles, the sale of used cars and light motor vehicles industries.

Looking at the financials, Lucky Dale Cars Ltd appears to be facing some challenges. While the company is small, meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), there are concerning trends. Cash bank on hand has dramatically fallen by 87%, dropping to just £37,000. Trade debtors have also plummeted by a significant 75%, indicating a struggle to collect payments. On the flip side, creditors have increased by 64%, suggesting a reliance on short-term financing. Bank borrowings have also decreased by 32%, which is positive. The company’s net assets have increased by 2.8%, which is a good sign.

The company’s equity has increased by 2.8%, which is a good sign. The sharp decline in cash reserves, however, is a red flag. The company’s net current assets have also decreased by 6.7%, which is not good. It’s possible that the company is investing in inventory or expanding its operations, but the lack of detail makes it difficult to say for sure. The company’s property plant and equipment has increased by 130%, which is a good sign. The company’s total assets less current liabilities have remained the same.

No auditor is mentioned, which is common for small, exempt companies. The unaudited figures provide a snapshot of the company’s current situation, but further investigation would be needed to assess its long-term financial health.

Registered in England/Wales under the registration number 10146923, with a registered address at CR0 6HA, England, Croydon, 79-81 Morland Road.

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