Motor Reliance Ltd

Motor Reliance Ltd, based in Ilford, UK, is a small, active company founded three years ago. It’s a solo-founded operation with one director and owner, Abbasi Hamza, and employs a single individual. The company holds £145,264 in assets and operates from a real address, sharing space with nine other businesses. While active, accounts are currently overdue by eleven months. The company is an irregular importer, primarily bringing in vehicles, parts, and accessories (excluding trains and trams), with recent activity recorded two months ago.

The company's website reveals a surprising focus: Reliance Precision Limited, a business specializing in engineering solutions, including gears, quadrupole mass filters, and optomechanical assemblies. It seems to cater to high-tech industries, boasting facilities and a focus on precision manufacturing. The website details a history spanning a century, showcasing a focus on quality, innovation, and apprenticeships. There’s a strong emphasis on engineering excellence, with mentions of awards, exhibitions, and a commitment to environmental, social, and governance principles. It's clear the company isn's just selling parts, but providing engineering expertise.

Financially, Motor Reliance Ltd is showing some concerning trends. Net assets are negative at -£15,000, and cash reserves are minimal at just £1,600. Creditors are substantial at £160,000, and trade debtors are £13,000. While the company meets the criteria for a small business (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the negative equity and high creditor balance suggest it's burning through cash. There's no mention of an auditor, which is common for small, exempt companies. The company's reliance on a single individual for both ownership and direction could also present a management risk. It's possible the engineering division is subsidizing the import business, or that the import side is struggling to generate sufficient revenue.

Registered in England/Wales under the registration number 13549042, with a registered address at IG1 4NH, England, Ilford, 102 Cranbrook Road.

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