Moto Historics Ltd

Moto Historics Ltd, based in Chessington, UK, is a small, active company founded thirteen years ago in 2012. With seven employees and £617,066 in assets, it’s a solo-founded operation led by a single director and owner, Nigel Medcalf. The company is a regular exporter of vehicles, parts, and accessories (not for trains or trams), with three months of export activity recorded, the last in May 2021. It also imports these items, though less frequently, with two months of import activity, the most recent in June 2024.

The company’s website highlights its expertise in race preparation and restoration of historic racing cars, from GT40s to Formula 1 cars. It boasts a dedicated team of technicians with backgrounds in Formula 1 and other racing disciplines, and has achieved success at major historic events like Classic Le Mans and the Goodwood Revival. The site is filled with social media posts showcasing recent restoration projects and race events, emphasizing its involvement in the historic racing community.

Financially, Moto Historics Ltd presents a mixed picture. Accumulated depreciation on plant and machinery decreased by 25%, while bank borrowings increased by 32%, reaching £77,000. Cash reserves, however, saw a significant boost, rising 46% to £190,000. Creditors also decreased, suggesting better debt management. Despite a 15% increase in retained earnings, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited.

The company’s increased cash reserves are a positive sign, but the fluctuating bank borrowings and decreasing depreciation suggest a need for careful financial planning. The focus on specialist historic racing car restoration and preparation appears to be a profitable niche, but the company’s long-term success will depend on maintaining its reputation and managing its finances effectively.

Registered in England/Wales under the registration number 07964568, with a registered address at KT9 2QL, England, Chessington, Surrey, Unit 1 Silverglade Business Park.

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