Montgomery Motorsport Ltd

Montgomery Motorsport Ltd, a small, active company founded 19 years ago, operates from a real address in Augher, Northern Ireland. With £295,915 in assets, the family business boasts a stellar 5.0 Google rating from 16 reviews and is managed by three directors and two owners. It’s a regular importer, primarily of optical and medical tools and devices, with its last import operation occurring 16 months ago in August 2021. The company’s core business involves retail trade of motor vehicle parts and accessories, and its website highlights a wide range of products, including motorsport helmets, rally seats, and suspension components, with a focus on brands like OMP, Sparco, and Bilstein.

The website also features an online store with a wide selection of parts, and even offers product enquiries via WhatsApp. The company's website also features a blog and a list of brands it carries.

Financially, Montgomery Motorsport Ltd shows a mixed picture. Current assets have fallen by 11%, dropping to £300,000, while net assets have declined by 15%, settling at £270,000. Bank borrowings have increased, and cash reserves have decreased by 6.3%, falling to £230,000. Creditors have increased significantly, rising by 65% to £25,000, suggesting a greater reliance on short-term financing. Despite these challenges, the company’s small size (meeting two of three criteria for being small) allows it to remain agile. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company. The company’s financial statements are unaudited.

While the company’s retail operations appear robust, the financial data indicates a need for careful management. The company’s family ownership and passion for motorsport are evident, but sustaining growth will require addressing the recent decline in equity and managing its short-term liabilities.

Registered in Northern Ireland under the registration number NI058834, with a registered address at BT77 0BN, 10 Annaghilla Road, Augher.

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