M-sport Limited

M-Sport Limited, based in Cockermouth, UK, is a holding company with a long history, having been active for 38 years. Employing 227 people and boasting assets of £31.3 million, the company operates from a real address and is overseen by four directors and one owner. It runs an e-commerce site and regularly imports machinery, boilers, and mechanical appliances, parts, while also exporting vehicles, parts, and accessories.

The company's website showcases a diverse range of products, from motorsport team wear and accessories to phone cases and vehicle cleaning supplies. It also highlights a separate venture: high-end piano restoration, operating under the name 1066 Pianos, with a showroom in Harrods. This division, founded in 1975, focuses on museum-grade restorations and disaster recovery for damaged pianos.

Financially, M-Sport Limited's recent performance presents a mixed picture. Current assets have decreased by 12%, dropping to £31 million, while net assets have also fallen by 13%, reaching £54 million. Bank borrowings have decreased by 12%, now at £4.1 million, and cash reserves have declined by 21%, standing at £4.2 million. Despite these declines, creditors have decreased by 28%, suggesting improved debt management. The company’s turnover is estimated to be around £45 million. The company's auditor is Azets Audit Services.

The decrease in cash reserves and net assets, while concerning, could be attributed to investments in growth or operational expenses. The company’s focus on both motorsport and piano restoration, while potentially diversifying risk, also presents challenges in managing two distinct businesses. The reduction in creditors is a positive sign, indicating better control over short-term liabilities.

Registered in England/Wales under the registration number 02105112, with a registered address at CA13 0PN, United Kingdom, Cockermouth, Cumbria, Dovenby Hall, Dovenby.

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