North Down Motor Factors Limited

North Down Motor Factors Ltd from Newtownards UK: a small, active company established 52 years ago, employs 31 people, and holds assets valued at £1,722,686. Based at a real address with three directors and two owners, it’s a family business enjoying a stellar 5.0 Google rating from 155 reviews. The company regularly imports soaps, cleaning products, and waxes—the latest shipment arriving three months ago.

The business operates in the wholesale trade of motor vehicle parts and accessories, serving a network of automotive businesses. It also owns a company called Autrad Distribution Co. Limited. The company's website isn't available for review, so it's difficult to assess its online presence or e-commerce activities.

Financially, North Down Motor Factors Ltd presents a mixed picture. While its current assets remain stable at £1,700,000, net assets have decreased by 6%, settling at £510,000. Bank borrowings have increased by 12%, reaching £490,000, while cash reserves have jumped 63% to £80,000. Creditors have decreased by 9%, suggesting improved debt management. The company’s small size—meeting two of three conditions for being a small company—allows for flexibility, but the decrease in equity raises questions. The company is exempt from an audit, so the financial data is unaudited.

The decline in the number of employees reported, from 31 to 28, may indicate restructuring or a slowdown in business activity. It’s possible that the company is navigating challenges in the automotive parts sector, but its strong Google rating and regular imports suggest continued customer loyalty and supply chain stability.

Registered in Northern Ireland under the registration number NI009367, with a registered address at BT23 4YJ, Newtownards, County Down, 23 Jubilee Road.

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