Kg Motorsport Limited

Motorsport Kg Ltd, based in Ballymena, UK, is a small, family-run business with an active status. Founded twenty years ago in 2004, the company employs four people and holds £2,779,071 in assets. With a real registered address and two directors and two owners, it’s a close-knit operation. The firm regularly exports vehicles, parts, and accessories, with five months of export activity recorded, the latest in October 2023. It also imports these items, though less frequently, with just two months of import activity.

The company’s core business involves the sale of other motor vehicles, the maintenance and repair of motor vehicles, and the sale of used cars and light motor vehicles. It’s a relatively niche operation, catering to a specific segment of the automotive market. While the website isn’s present, the company’s activities suggest a focus on providing parts and services to vehicle owners and enthusiasts.

Financially, Motorsport Kg Ltd shows a generally healthy picture. Current assets increased by 14% to £2,800,000, while net assets also rose by 13% to £2,400,000. Cash reserves saw a significant boost, increasing by 210% to £600,000 – a substantial improvement. Creditors decreased by 21%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. The company’s equity has also increased, reflecting retained earnings. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The increase in employees from four to five, while small, could indicate growth and increased workload. The significant rise in cash reserves is a positive sign, suggesting improved cash flow management. However, the decrease in debtors to zero is a bit unusual and warrants further investigation – perhaps a change in credit policies or a one-off payment. Overall, Motorsport Kg Ltd appears to be financially stable and well-managed, though a closer look at the change in debtors would be beneficial.

Registered in Northern Ireland under the registration number NI051990, with a registered address at BT43 6EL, 18 Market Road, Ballymena, At The Offices Of, J.A. Mcnicholl & Co..

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