Neil Yates Recovery Limited

Neil Yates Recovery Ltd, based in Rochester, UK, is a small, holding company with an active status. Established 25 years ago, in 2000, the company employs 27 people and holds £525,925 in assets. It’s managed by two directors and owned by one individual, boasting a stellar 5.0 Google rating from 42 reviews. The company is an irregular importer, primarily dealing in vehicles, parts, and accessories—with just two months of import activity recorded, the last being in May 2022.

The company’s registered address is real, with only two other companies registered at the same location. It operates within the other transportation support activities industry. The business is a holding company, and its website is not available.

Financially, Neil Yates Recovery Ltd presents a mixed picture. Current assets have increased slightly to £530,000, while net assets have improved to £890,000. Bank borrowings have decreased significantly, falling to £270,000—a positive sign. However, cash reserves have increased to £40,000. Creditors have risen considerably, increasing by 23% to £1.2 million, and trade debtors remain constant at £490,000. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s financial statements are unaudited, as it’s exempt as a small company.

Despite the increase in creditors, the overall trend suggests stability. The decrease in bank borrowings is a particularly encouraging sign, indicating better financial management. The company’s strong Google rating suggests customer satisfaction, which is crucial for a service-based business like vehicle recovery. It's likely the company is doing alright, although the increase in creditors should be monitored closely.

Registered in England/Wales under the registration number 03971820, with a registered address at ME2 4AD, England, Rochester, Unit 1 Bergland Park Maritime Close, Medway City Estate.

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