Mi.r.a. Car Parts Ltd

Mi Ra Car Parts Ltd, based in Ely, UK, is a small, active company founded just three years ago in 2021. It employs a single person and holds £43,086 in assets. The business operates an e-commerce site specializing in the wholesale trade of motor vehicle parts and accessories, regularly importing vehicles, parts, and accessories—with 3 months of import activity recorded as of April 2024. It has two directors and one owner, Resina Giuseppe, who also acts as the company's manager.

The company’s website, Ignition Car Parts, lists an extensive catalog of parts for classic and vintage cars, alongside a broader range of automotive components. It caters to both trade customers and enthusiasts, offering services like coil testing and distributor reconditioning. The site also features a dedicated section for Ultra Spark electronic ignition kits, emphasizing its expertise in ignition systems. It even has a new website in development, encouraging existing users to migrate their login details.

Financially, Mi Ra Car Parts Ltd presents a mixed picture. Cash reserves increased by 130% to £3,500, a positive sign. However, net assets decreased by 98% to -£22,000, a significant drop. Bank borrowings were eliminated entirely, a welcome change, but trade debtors increased by 31% to £7,600, potentially indicating delayed payments. Creditors also rose by 31% to £67,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the equity decline warrants attention. The accounts are unaudited, a common occurrence for small companies.

Overall, Mi Ra Car Parts Ltd seems to be navigating a challenging period. While its e-commerce platform and specialist services offer potential, the financial figures suggest a need for careful management and a focus on improving profitability.

Registered in England/Wales under the registration number 13458942, with a registered address at CB7 4JW, United Kingdom, Ely, Cambridgeshire, George Court, Bartholemew's Walk.

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