Motoquip Ltd

Motoquip Ltd, based in Bradford, UK, is a small, active company founded seven years ago. With a single employee and £18,281 in assets, it’s a solo founder operation led by a director and owner, Ali Laraib. The business enjoys a stellar 5.0 Google rating from four reviews, a testament to its customer service.

Motoquip Ltd specializes in the retail sale of automotive parts via mail order and online channels. Its website showcases a wide range of products, including braking components, filtration systems, steering and suspension parts, and engine management systems. The site also highlights a focus on quality, with sections dedicated to logistics, people, and motorsport. The company emphasizes its history and partnerships, particularly its status as a Premier Data Supplier and its association with the Comline Group. They even have an eCatalogue for easy part identification. Recent news highlights include the introduction of pressure sensor glow plugs and AdBlue injectors to their engine management range.

Financially, Motoquip Ltd’s recent report shows some concerning trends. While cash reserves dropped by a significant 63% to £14,000, bank borrowings decreased by 34% to £18,000—a positive sign. However, net assets plummeted by a staggering 1800% to -£18,000, and current assets have fallen by 54% to £18,000. Other inventories, however, increased by 320% to £3,800, and trade creditors have increased by 170% to £3,700. Other taxation and social security payable has increased by 720% to £6,600. 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 sharp decline in equity raises questions about its long-term stability. With no auditor mentioned, the figures rely on unaudited statements.

In short, Motoquip Ltd appears to be navigating some financial headwinds. The company's strong online presence and focus on quality suggest a solid foundation, but the recent financial data indicates a need for careful management and a focus on improving profitability.

Registered in England/Wales under the registration number 10835410, with a registered address at BD3 9TF, England, Bradford, Office 3 Lonsdale Works, Gibson Street.

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