Motorfit Limited

Motorfit Ltd, based in Loughborough, UK, is a small, family-run business with an active status. Founded thirteen years ago in 2012, the company employs seven people and holds £269,142 in assets. It operates from a real address and is led by three directors and two owners. With a stellar 5.0 Google rating based on 150 reviews, Motorfit Ltd is clearly a popular choice for customers. The company regularly imports electrical machinery and equipment, with 9 months of import activity recorded, the latest in January 2024.

The company’s website is not available, so it is difficult to determine the exact nature of their operations. However, the report indicates they operate in the retail trade of motor vehicle parts and accessories, and the retail sale of audio and video equipment in specialised stores. It’s likely they have a physical store and possibly an online presence, but further information is needed to confirm.

Financially, Motorfit Ltd shows a mixed picture. Current assets increased by 17% to £270,000, while net assets remained relatively stable at £180,000. Cash reserves grew by 14% to £220,000, indicating improved liquidity. However, creditors increased significantly by 61%, suggesting a reliance on short-term financing. Trade debtors also rose by 27%, which could be a sign of delayed customer payments. 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 it to remain nimble, but the increase in creditors warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Motorfit Ltd appears to be a financially stable, well-regarded business. The increase in creditors and debtors is something to keep an eye on, but the company’s strong Google rating and healthy cash reserves suggest it’s well-positioned for continued success.

Registered in England/Wales under the registration number 07945317, with a registered address at LE11 5RJ, England, Loughborough, Leicestershire, Motorfit Limited, Unit 12 Aerodrome Close.

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