My Electric Vehicle Limited

My Electric Vehicle Ltd, based in Lincoln, UK, is a small, active company founded three years ago. It employs two people and holds £390,673 in assets, operating from a real address with two directors and two owners. The company is a regular importer of vehicles, parts, and accessories (excluding trains and trams), with three months of import activity recorded, the last in June 2023.

The company’s website, myelectricvehicle.org, showcases a range of affordable electric vehicles, targeting both urban commuters and commercial users. It offers sales enquiries in the UK and US, technical support, and parts support. The site highlights a selection of electric vehicles, ranging from £11,754 to £19,495, and emphasizes longer mileage, easy charging, comfort, and safety. The website also features a gallery, videos, FAQs, news, and contact information, indicating a focus on online sales and customer engagement.

Financially, My Electric Vehicle Ltd’s recent performance presents a mixed picture. Current assets have plummeted by a significant 64%, dropping to £390,000, while net assets have also decreased substantially. Bank borrowings have increased, and cash reserves have fallen. Creditors have also decreased, suggesting some improvement in debt management. The company’s small size (meeting two of three conditions for being classified as small) allows for agility, but the sharp decline in equity raises concerns about its financial health. The company is exempt from an audit, so the figures are unaudited.

While the company's website suggests a growing interest in electric vehicles, the financial data indicates a period of financial strain. Whether this is a temporary setback or a longer-term challenge remains to be seen, but My Electric Vehicle Ltd appears to be navigating a competitive market with a focus on affordability and customer service.

Registered in England/Wales under the registration number 13634503, with a registered address at LN2 1LY, England, Lincoln, The Old Palace Lodge, Christs Hospital Terrace.

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