Merthyr Tydfil Car Auction Limited

Merthyr Tydfil Car Auction Ltd from Merthyr Tydfil, UK, is a well-established company with a long history, operating as a large business with an active status. Founded 45 years ago in 1979, it employs 24 people and boasts significant assets of £5,204,672. The company generates a yearly revenue of £6,670,870 and has a real address, indicating a legitimate presence. With three directors and one owner, it’s a structured operation, currently holding a respectable Google rating of 4.0 based on 331 reviews. The company regularly exports vehicles, parts, and accessories, with six months of export activity recorded, the latest being December 2024.

The company’s core business revolves around car auctions, likely serving both trade and retail customers. While a dedicated website isn’t readily available, its presence in the auction industry suggests a focus on physical sales and potentially online listings. It’s likely that the company operates a physical auction site where vehicles are presented and sold to bidders.

Financially, Merthyr Tydfil Car Auction Ltd presents a mixed picture. While current assets remain stable at £5,200,000, net assets have increased by a substantial 10%, reaching £5,000,000. Bank borrowings have decreased by 12%, suggesting improved financial management, and cash reserves have increased by 11% to £2,800,000. However, administrative expenses have increased significantly by 240%, reaching £200,000—a potentially concerning trend. Trade debtors have decreased by 2.4%, indicating better collection of outstanding payments. The company meets the criteria for a large business, having turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The financial statements are unaudited, and the company’s auditor is MHA.

Overall, Merthyr Tydfil Car Auction Ltd appears to be a financially stable company with a strong track record. The increase in administrative expenses warrants further investigation, but the positive trends in assets, cash reserves, and debt management suggest a healthy business.

Registered in England/Wales under the registration number 01438339, with a registered address at CF48 3SH, Merthyr Tydfil, Mid Glamorgan, Red Barrel House, Pant Road, Dowlais.

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