Mcgill Motorsports Limited

Mcgill Motorsports Ltd, based in Kirkcaldy, UK, is a small, active company established fifteen years ago. With eleven employees and £2,096,582 in assets, it’s a well-established player in the motorsport parts market. The company, run by one director and owner, regularly imports and exports vehicles, parts, and accessories—a trend spanning eleven months of imports and fifty-four months of exports.

The business operates a comprehensive online store, showcasing a wide range of products, from rod ends and bearings to helmets and harnesses. The website, clearly geared towards motorsport enthusiasts, offers a variety of brands and caters to both oval racing and circuit racing. It's a professional operation, complete with a blog, finance options, and even a live chat feature.

Financially, Mcgill Motorsports Ltd presents a mixed picture. Current assets have decreased by 7.3% to £2,100,000, while net assets have fallen by 7.0% to £1,800,000. Bank borrowings have increased, and cash reserves have also decreased, suggesting a need to manage finances carefully. Trade debtors have also decreased, which is a good sign. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the decline in equity is something to watch. No auditor is mentioned, which is common for small companies.

Overall, Mcgill Motorsports Ltd seems to be a solid, albeit financially challenged, business. The company’s strong online presence and focus on a niche market suggest potential for future growth, but careful management of its finances will be crucial.

Registered in Scotland under the registration number SC374439, with a registered address at KY1 2XB, Kirkcaldy, Fife, 4 School Brae, Dysart.

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