Mts Vehicle Services Ltd

Mts Vehicle Services Ltd from Cardiff UK: a small, active company founded eleven years ago, is currently facing some financial challenges. Despite having £604,631 in assets and employing twenty-three people, the company’s accounts and confirmation statements are overdue for a year, suggesting potential administrative strain. It’s a real address, managed by one director and one owner, Jedrzejczyk Mateusz.

The company’s core business revolves around importing vehicles, parts, and accessories—a regular activity spanning twenty-eight months, with the latest import occurring in January 2023. It also engages in irregular exporting of art and antiques, with just one month of export activity recorded in November 2023. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than fifty employees.

Looking at the financials, Mts Vehicle Services Ltd has experienced some significant shifts. Current assets have decreased by 24%, dropping to £600,000, while net assets have fallen by a substantial 24%, now standing at £140,000. Bank borrowings have seen a decrease of 24%, now at £190,000. Trade debtors have plummeted by 56%, a positive sign of better debt collection. However, creditors have risen by 23%, reaching £240,000, and cash reserves have fallen by 37%, now at £4,300. The company's reliance on unaudited financial statements, typical for small companies, means these figures aren’t independently verified.

The company’s description states it operates in the maintenance and repair of motor vehicles. While the import activity suggests a focus on parts and accessories, the financial data and overdue accounts point to a company potentially struggling to maintain its financial health. The decrease in cash reserves and increase in creditors could indicate it’s burning through money faster than it’s bringing it in, although the decrease in trade debtors is a positive sign.

Registered in England/Wales under the registration number 08543581, with a registered address at CF14 8LH, Cardiff, 08543581 - COMPANIES HOUSE DEFAULT ADDRESS.

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