Parc Lane Cars Limited

Parc Lane Cars Ltd from Newcastle Upon Tyne UK is a small, active company founded four years ago. With seven employees and £1,108,072 in assets, it’s a family business boasting a stellar 5.0 Google rating from 351 reviews. The company operates from a real address and is managed by three directors and three owners. It’s an irregular importer of vehicles, parts, and accessories, with just one month of imports recorded in the past year.

The company's website showcases a used car dealership in Gosforth, Newcastle Upon Tyne, offering a wide selection of vehicles. It operates a stocklist, finance options, warranty services, and even offers vehicle servicing and repairs. The website highlights its 50 years of experience in the motor industry and emphasizes personal attention to detail, from initial contact to registration transfers. It's a car dealership, plain and simple.

Financially, Parc Lane Cars Ltd presents a mixed picture. While cash bank on hand increased dramatically by 200% to £140,000, creditors also saw a significant rise, jumping 94% to £29,000. The company’s net assets grew by 16% to £920,000, but trade debtors increased substantially, suggesting potential issues with customer payments. Average number of employees has increased by 71% to twelve, which is a big change. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rising debts could be a concern. With no auditor mentioned, the financial statements are unaudited. It's a family run business, but the increased employee count and debts need to be monitored.

Registered in England/Wales under the registration number 12857401, with a registered address at NE3 5HE, England, Newcastle Upon Tyne, Parc Lane Cars Limited, Sandy Lane.

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