Motorland Motors Ltd

Motorland Motors Ltd, based in Wokingham, UK, is a small, active company founded eight years ago. With five employees and £469,059 in assets, it operates from a virtual address, a detail worth noting as fifty-seven companies share the same location. The business is led by two directors and one owner, boasting a respectable Google rating of 4.0 based on seventy-eight reviews. They regularly import vehicles, parts, and accessories – a trade they've been engaged in for eight months, with the most recent import occurring in September 2024.

The company's website paints a picture of a used car dealership serving the Essex area. Motorland Motors specializes in used car sales, offering a range of vehicles to suit various budgets and lifestyles. They emphasize customer service, competitive pricing, and a part-exchange service, aiming to make the car-buying experience as easy as possible. The website lists a variety of vehicles, from Audis and Hondas to Toyotas and Nissans, with prices ranging from a few thousand pounds to over ten thousand. They even offer a search function to help customers find the perfect car based on price and other criteria.

Financially, Motorland Motors Ltd presents a mixed picture. While current assets increased by 16% to £470,000, equity declined significantly, dropping 53% to -£73,000. Bank borrowings decreased by 15% to £270,000, and cash reserves jumped a remarkable 310% to £120,000 – a positive sign. Creditors also increased by 13% to £280,000. The company’s small size – meeting two of three criteria for a small company – allows for agility, but the substantial equity decrease warrants further scrutiny. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements. It’s a little concerning that the company has not made a profit.

Registered in England/Wales under the registration number 10326363, with a registered address at RG41 2RX, England, Wokingham, Innovation House, Molly Millars Close.

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