M Cars Surrey Ltd

M Cars Surrey Ltd, based in Lingfield, UK, is a small, active company founded eight years ago. With six employees and £600,182 in assets, it’s a family-run operation led by a single director and owner, Ahmed Rafiq. The company boasts a respectable 4.0 Google rating from 307 reviews and regularly imports vehicles, parts, and accessories – a trend that continued through December 2024.

The company’s website positions it as a used car dealer specializing in quality vehicles and offering financing options. They’re proud to be recognised as a Car Guru’s Top Rated Dealer, and the site highlights a wide range of used cars available, with a focus on customer service and competitive pricing. They even have a section dedicated to reviews, showcasing positive experiences from satisfied customers.

Financially, M Cars Surrey Ltd presents a mixed picture. While current assets remained stable at £600,000, bank borrowings decreased by a substantial 26%, dropping to £160,000. Creditors, however, increased by 43%, reaching £670,000 – a sign that the company may be relying more on credit. Equity also saw a boost, increasing by 29% to £160,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in creditors warrants a closer look. As a small company, they are exempt from an audit, so the figures are unaudited. It’s also worth noting that the company’s net losses increased to £23,000.

Overall, M Cars Surrey Ltd seems to be holding its own in a competitive market, but the rising debt levels could pose a challenge in the long run.

Registered in England/Wales under the registration number 10349007, with a registered address at RH7 6LG, England, Lingfield, Heathview, Eastbourne Road.

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