Newpart Automotive Limited

Newpart Automotive Limited, based in Shenfield, UK, is a small, active company established nineteen years ago. With two employees and £77,238 in assets, it operates from a virtual address shared by eighty-four other companies, a detail that raises some questions. The business is led by a solo founder, Gosling Andrew Stephen, who also serves as its director and owner. It maintains a low Google rating of 1.0 based on just one review. The company regularly imports vehicles, parts, and accessories (excluding trains and trams), with its last import operation recorded in December 2024.

The company’s website is not available for review, making it difficult to assess its online presence and sales strategy. It appears to focus on wholesale trade of motor vehicle parts and accessories.

Financially, Newpart Automotive Limited’s recent performance presents a mixed picture. While cash reserves increased by 23% to £76,000, current assets have fallen by 19% to £77,000. Debtors have decreased by 28%, which could indicate improved collection practices, but creditors have surged by 110% to £98,000—a significant increase that might signal growing financial pressure. Equity has declined by 35% to £33,000, and net current assets are now in the negative, at -£21,000. The company’s small size—meeting two of three conditions for being classified as small—allows for flexibility, but the declining equity and negative net current assets are concerning. The lack of an auditor, likely due to its small size, means the figures are unaudited.

Overall, Newpart Automotive Limited seems to be navigating a challenging period, balancing its import activities with increasing debts. Whether it can sustain its operations and turn the financial tide remains to be seen.

Registered in England/Wales under the registration number 05519515, with a registered address at CM15 8NL, England, Shenfield, Essex, Suite 1a, 2nd Floor, Hunter House, 150 Hutton Road.

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