Mini Sport Limited

Mini Sport Limited, based in Lancashire, UK, is a small, active company celebrating 44 years in business. Founded in 1980, it employs 35 people and holds £1,395,953 in assets. The company operates from a real address in Padiham and is managed by six directors, although there are no listed owners—likely one of the directors. It's a regular importer and exporter, specializing in vehicles, parts, and accessories (excluding trains and trams), with 39 months of import activity and 544 months of export activity.

The company's website, Huddersfield Spares, is a classic mini specialist, offering a vast range of parts and accessories. It’s clearly an e-commerce operation, with a well-organized website showcasing its inventory and offering various purchasing options. The site also has a showroom and advertises a blog, suggesting a commitment to engaging with the classic mini community.

Financially, Mini Sport Limited’s recent performance presents a mixed picture. While current assets increased by 15% to £1,400,000, equity decreased by 8.6% to £700,000. Bank borrowings surged by 13000%, reaching a significant £130,000—a substantial increase. Cash reserves also fell by 95%, leaving just £790. Creditors increased by 18%, suggesting a reliance on trade credit. The company meets the criteria for a small business, with a turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited financial statements, prepared with CCH Accounts Production, don't mention an auditor.

The sharp increase in bank borrowings is a concern, and the decrease in cash reserves could indicate a need for careful financial management. However, the growth in current assets suggests the business is still generating sales. The company's long history and established online presence—along with the absence of any mention of a formal audit—suggest it’s a well-established, if somewhat financially stretched, operation.

Registered in England/Wales under the registration number 01528322, with a registered address at BB12 7AP, Lancashire, Thompson Street, Padiham.

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