Octane Distribution Limited

Octane Distribution Ltd from Sparkford UK: a small, active company founded 24 years ago, employs nine people, and holds £713,258 in assets. It’s a real address, managed by three directors and a solo founder. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 126 months of import activity and 12 months of export activity.

The company's website showcases a wide range of automotive parts and accessories, organized by category and brand. Customers can browse air filters, ball joints, antifreeze, brake pads, spark plugs, and more. A dedicated section allows customers to select their vehicle manually or by registration, streamlining the parts-finding process. The site also features a blog with articles on topics like lowering springs for Mercedes and shock absorber mountings for BMWs. It’s clear Octane Distribution Ltd operates primarily as a wholesale supplier, with the website serving as a catalog and order platform for trade customers. There's no obvious e-commerce functionality for direct consumer sales.

Financially, Octane Distribution Ltd presents a mixed picture. Current assets decreased by 24% to £710,000, while net assets dropped 32% to £310,000. Bank borrowings increased by 66% to £94,000, and cash reserves fell 40% to £78,000. Creditors decreased by 8% to £520,000, which is a positive sign. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity.

Overall, Octane Distribution Ltd appears to be navigating a period of financial pressure. The decrease in assets and cash reserves, coupled with increased borrowings, suggests the company is burning through money. However, the decrease in creditors indicates better debt management. It’s likely the company is investing in inventory or expanding its operations, but it will need to carefully monitor its cash flow to avoid financial difficulties.

Registered in England/Wales under the registration number 04159558, with a registered address at BA22 7FQ, United Kingdom, Sparkford, Somerset, Unit 4 Vantage Park, Goodwood Drive.

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