Outpoint Ltd

Outpoint Ltd, based in London, UK, is a small, active company founded five years ago in 2019. With £8,139 in assets and a virtual address shared by over 13,000 other companies, it’s a solo-founded operation managed by a single director and owner. The business operates in a variety of industries, including retail via mail order, software publishing, video production, and IT services, and has a stellar 5.0 Google rating from 29 reviews. It’s an irregular importer, with its top import category being clothing and accessories, not knitted or crocheted, totaling 1 months of imports, the last in January 2023.

The company’s website, Outpoint Motors, reveals a different venture: a used car dealership in Coalville, Leicestershire. Specialising in quality used cars, it offers a selection of Audis, Hondas, Skodas, and Volkswagens, with a focus on competitive pricing and a straightforward sales process. The website allows customers to search by make, model, and price range, and includes testimonials and contact information. It’s a classic car dealership site, with a focus on local customers.

Financially, Outpoint Ltd is facing some challenges. Current assets have plummeted by 73%, dropping to £8,100, while net assets have sunk to -£14,000. Cash reserves are down a staggering 97%, leaving just £610. Trade debtors have ballooned by 1400%, suggesting issues with customer payments, and creditors have increased by 7.9%. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop and low cash balance raise concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It seems like Outpoint Ltd is burning through money. The car dealership side appears to be active, but the company’s financial health is precarious. Whether it can sustain its operations and turn things around remains to be seen.

Registered in England/Wales under the registration number 11970978, with a registered address at WC1N 3AX, United Kingdom, London, 27 Old Gloucester Street.

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