Mark1 Conversions Ltd

Mark1 Conversions Ltd, based in Honiton, UK, is a small, active company founded nineteen years ago in 2005. Employing nine people, it holds £91,539 in assets and operates from a real address. With three directors and two owners, the company enjoys a stellar 5.0 Google rating based on ninety-seven reviews. It’s a regular importer of furniture, lighting, and prefabricated buildings, with five months of import activity recorded.

The company specializes in transforming standard vans into camper vans, catering to a range of makes and models including VW, Mercedes, MAN, Vauxhall, Renault, and more. Its website highlights a family-owned enterprise with a passion for vans, offering bespoke designs, personalised handovers, and a commitment to quality. It’s clear that Mark1 Conversions prides itself on its attention to detail and individualised approach, avoiding prefabricated kits in favour of custom conversions.

Financially, Mark1 Conversions Ltd shows some mixed signals. Current assets have decreased by 6.5% to £92,000, while net assets have fallen by a significant 80%, dropping to just £1,100. Cash reserves have also declined substantially, decreasing by 780% to £31,000. Creditors, however, have decreased by 2.6%, suggesting improved debt management. The company’s small size (meeting two of three criteria for being a small company) helps it remain agile. Bank borrowings increased by 2,400%, reaching £29,000, which is a little concerning. No auditor is mentioned, likely due to its status as a small company, so the figures are unaudited.

Overall, Mark1 Conversions Ltd appears to be facing some financial pressures, despite its positive customer reviews and reputation for quality. The sharp decline in equity raises questions about its long-term sustainability, but the company’s focus on bespoke camper van conversions suggests a loyal customer base and potential for continued success.

Registered in England/Wales under the registration number 05517554, with a registered address at EX14 3BN, England, Honiton, Devon, Unit D2 Westleigh Willows Farm, Feniton.

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