Old Mill Garage Limited

Old Mill Garage Ltd, based in Newton Abbot, UK, is a small, family-run business with an active status, established seventeen years ago. Employing ten people and holding £387,529 in assets, it operates from a real address and is overseen by one director and two owners. Boasting a stellar 5.0 Google rating from 56 reviews, the garage is a well-regarded local operation. It functions as an irregular importer, primarily dealing in electrical machinery and equipment, with the last import occurring in December 2024.

The company’s core business revolves around the maintenance and repair of motor vehicles, a vital service for the local community. While a website isn’t available to examine, it’s likely the business focuses on in-person service and word-of-mouth referrals.

Financially, Old Mill Garage Ltd presents a mixed picture. While current assets increased by a respectable 45% to £390,000, trade debtors decreased significantly by 45% to £27,000. Bank borrowings remained stable at £5,200, and cash reserves saw a healthy increase of 79% to £290,000. Creditors also rose by 41% to £120,000. The company’s small size (meeting two of three criteria for being a small company) allows for flexibility, but the decrease in debtors could indicate a need to tighten credit management. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Old Mill Garage Ltd appears to be a financially stable business, although a closer look at its debtor management would be beneficial. The company's strong Google rating and family-run nature suggest a commitment to customer service and a solid reputation within the local community.

Registered in England/Wales under the registration number 06505902, with a registered address at TQ12 1NB, England, Newton Abbot, Devon, Unit 2 Venture Court, Bradley Lane.

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