Mps Automotive Ltd

Mps Automotive Ltd from Bolton UK is a small, active company founded four years ago. With seven employees and £60,411 in assets, it operates from a virtual address, managed by one director and two owners. Its Google rating sits at 3.0 based on 60 reviews, and it's considered an irregular importer of vehicles, parts, and accessories—the last import operation was recorded one month ago in August 2022.

The company’s activities encompass a range of automotive services, including maintenance and repair, retail of parts and accessories, and the sale of used cars. It also appears to be involved in research and experimental development within the natural sciences and engineering industries. A related company, Reset Events Ltd, is also managed by Mps Automotive Ltd.

Financially, Mps Automotive Ltd’s numbers paint a mixed picture. Current assets increased by 57% to £60,000, while net assets decreased by 3000%, resulting in a negative value of -£78,000. Bank borrowings increased by 110%, reaching £240,000, and cash reserves fell 34% to £7,100. Creditors increased significantly, rising 120% to £32,000. 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 for flexibility, but the substantial equity decline suggests potential financial pressures. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s financial statements, prepared by Daniel Sam Limited, indicate a focus on managing debt, but the negative equity raises concerns. It's possible the company is investing heavily in growth, but the trend warrants close monitoring.

Registered in England/Wales under the registration number 12732395, with a registered address at BL4 0BX, England, Bolton, 61 Plodder Lane, Farnworth.

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