Mellors Elliot Motorsport Limited

Mellors Elliot Motorsport Ltd from Bakewell UK: a small, active company founded 14 years ago, employs nine people, and holds £423,995 in assets. It has a real address, three directors, and one owner. The company regularly imports vehicles, parts, and accessories (not for trains or trams) – 12 months of import activity recorded, with the last operation in July 2023 – and exports similar items, with four months of export activity, the last in November 2021. The company operates in the maintenance and repair of motor vehicles industries.

The company’s website highlights its role as a leading motorsport preparation and build firm, with a proven track record since 1982. It specializes in construction, preparation, and on-event support of rally cars. Beyond the motorsport side, Mellors Elliot Motorsport also runs a high-end piano restoration business, 1066 Pianos, operating from Cambridge with a showroom in Harrods. The website showcases a wide range of services, from museum-grade restorations to self-play system integrations and disaster recovery.

Financially, Mellors Elliot Motorsport Ltd shows a mixed picture. Current assets have decreased by 29% to £420,000, while net assets have plummeted 51% to -£360,000. Bank borrowings have increased, reaching £11,000, and cash reserves have fallen 5300% to £5,400. Creditors have also decreased by 14%, suggesting better debt management. The company’s small size—meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—helps it remain flexible, but the sharp equity drop raises questions about its financial health. There's no auditor mentioned, likely due to its status as a small company.

The company is clearly navigating a period of change, with a focus on both motorsport and piano restoration. Whether this diversification will prove successful remains to be seen, but the company's heritage and expertise in both fields provide a strong foundation for future growth.

Registered in England/Wales under the registration number 07549953, with a registered address at DE45 1DX, Bakewell, Derbyshire, Milford Garage, Milford.

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