Otto Car Limited

Otto Car Limited, based in London, UK, is a sizable holding company with an active status, having been incorporated twelve years ago in April 09, 2013. Employing seventy employees, the company holds £22,034,567 in assets and generates a yearly revenue of £51,236,730. With a real address and overseen by one director and one owner, Otto Car boasts a solid 4.0 Google rating from 639 reviews. The company regularly imports goods, with its top import category being None, totaling 10 months of imports.

The company’s website paints a picture of a car rental and leasing business focused on private hire drivers, particularly those using Uber. It offers Rent to Buy schemes, Uber EV Assistance, and a range of services including PartExchange, Career Boost, and Dashcam Schemes. The website also features a hub for education, news, and guides, along with a section for insights and tips for PCO drivers. The company seems to be heavily focused on providing solutions for Uber drivers, with a strong emphasis on electric vehicle adoption.

Financially, Otto Car Limited shows some concerning trends. Accrued liabilities and deferred income have decreased significantly, dropping by 49.0% to £370,000. Bank borrowings have also decreased, falling by 39.0% to £1,300,000. However, cash and cash equivalents have increased by 30.0% to £12,000,000. Administrative expenses have risen by 28.0% to £6,600,000, and net assets have increased by 61.0% to £15,000,000. Turnover has increased by 17.0% to £51,000,000. While the increase in cash is positive, the rise in administrative expenses and the decrease in liabilities suggest the company may be burning through cash to fuel growth. The company is audited by MHA, and the report was signed on December 16, 2024. The company's small size (meeting two of three criteria for turnover under £36 million, assets over £18 million, and more than 250 employees) means it’s agile, but the trends need close monitoring.

Registered in England/Wales under the registration number 08479726, with a registered address at W6 9EA, England, London, 3 Sussex Place, Hammersmith.

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