Motorsure Limited

Motorsure Ltd from Keighley UK: a small, active company founded 18 years ago, employs 13 people, and holds £6,016,771 in assets. It’s a real address with three directors and three owners. The company regularly imports vehicles, parts, and accessories (excluding trains and trams) – a total of 34 months of import activity, with the last operation in 2019. It exports these same items irregularly, with just one month of export activity recorded in 2022.

Motorsure Ltd operates in the sale of used cars and light motor vehicles industries. The company is a small one, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. It’s a regular importer, with its top import category being Vehicles, parts, and accessories, and an irregular exporter.

Looking at the financials, things are a little mixed. Cash bank on hand has decreased by 21%, falling to £690,000. Creditors have jumped significantly, rising 71% to £3 million, and debtors have also increased by 65% to £1.6 million. Equity has grown slightly, increasing by 3.1% to £3 million. Interestingly, trade creditors and trade payables have increased by a whopping 200%, which could be a sign of increased purchasing activity. The company’s small size helps it stay agile, but the increase in debt needs to be monitored. No auditor is mentioned, which is likely due to the company’s small size and exemption from audit.

The company’s financial situation suggests it's burning through cash a bit faster than it's bringing it in, but it's not necessarily a crisis. The increase in debt could be a strategic move to expand operations, but it’s something to keep an eye on.

Registered in England/Wales under the registration number 06145321, with a registered address at BD21 1AJ, England, Keighley, West Yorkshire, Damside Damise, Oakworth Road.

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