New Team Recovery & Repairs Ltd

New Team Recovery & Repairs Ltd, based in Dagenham, UK, is a small, active company founded six years ago. With two employees and £18,722 in assets, it operates from a real address and is managed by two directors and a solo founder. The company boasts a perfect 5.0 Google rating from four reviews. It’ll import optical and medical tools and devices, although it’s an irregular importer, with just one month of activity recorded as of December 2020.

The company’s website highlights its services as a commercial vehicle repair shop, specializing in HGV mechanics and offering 24/7 assistance. It caters to customers in and around Ruthin, offering a range of services from diagnostics to breakdown recovery. The website’s focus is on reliability and expertise, with a clear call to action to get a quote.

Financially, New Team Recovery & Repairs Ltd shows a mixed picture. Average number of employees increased by 50% to three, while bank borrowings decreased by 30% to £9,500. Cash bank on hand dropped by 33% to £10,000, and creditors rose by 88% to £4,000. Debtors plummeted by a staggering 92%, suggesting potential issues with customer payments. Equity increased by 68% to £5,200, but net current assets liabilities decreased by 12% to £15,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the decrease in debtors is concerning. With no auditor mentioned, the accounts are unaudited.

Overall, New Team Recovery & Repairs Ltd appears to be navigating a period of change. While its website projects a professional image and strong customer reviews, the financial data suggests some challenges.

Registered in England/Wales under the registration number 11868499, with a registered address at RM8 1QE, United Kingdom, Dagenham, Essex, Unit 1d Vw House, Selinas Lane.

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