Mk Automotive Limited

Mk Automotive Ltd, based in Braintree, UK, is a small, active company founded eight years ago. With three employees and £428,000 in assets, it operates from a real address and is overseen by three directors and two owners. The business is an irregular importer of electrical machinery and equipment, with just one month of imports recorded, and a regular exporter of vehicles, parts, and accessories – seventeen months of export activity noted.

The company’s website highlights its specialization in servicing Audi, Seat, Skoda, and VW vehicles. It positions itself as an independent specialist, emphasizing quality parts, genuine components, and competitive pricing. The site boasts a range of services, from diagnostics and MOT testing to repairs and servicing, catering to customers seeking alternatives to main dealer prices. The website also includes a collection of positive customer testimonials, praising the company’s professionalism, trustworthiness, and skilled technicians.

Financially, Mk Automotive Ltd’s numbers show some interesting trends. Current assets have decreased by 22% to £430,000, while net assets have fallen 48% to £180,000. Bank borrowings have reduced by 41%, to £14,000, and cash reserves have dropped by 62%, to £18,000. Creditors have also decreased by 41%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Depreciation on plant machinery has decreased, which could indicate less investment in equipment.

The company’s irregular import activity and reliance on export sales suggest a business navigating changing market conditions. While the positive customer feedback and focus on specialized vehicle servicing are encouraging, the decline in net assets and cash reserves warrants attention. As a small company, Mk Automotive Ltd is exempt from an audit, so the financial information is unaudited.

Registered in England/Wales under the registration number 10491477, with a registered address at CM7 2SF, United Kingdom, Braintree, Essex, Unit 5 Kestrel Park, Finch Drive, Springwood Ind Est.

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