Parksafe Automotive Limited

Parksafe Automotive Ltd, based in Derby, UK, is a small, holding company with an active status. Founded 21 years ago in 2003, the company employs 18 people and holds £3,062,726 in assets. It operates from a virtual address, a fact highlighted by the presence of 55 other companies registered at the same location. Five directors oversee the business, which is owned by Parksafe Holdings Ltd. The company regularly imports and exports electrical machinery and equipment, with 433 months of import activity and 53 months of export activity recorded.

Parksafe Automotive’s core business involves supplying a wide range of automotive safety solutions, including vehicle CCTV, safety sensors, and lighting systems. Its website showcases a comprehensive catalog, catering to commercial vehicle operators and even offering DVS (Direct Vision Standard) compliance kits. The company’s website also highlights its commitment to quality, with a focus on in-house production and research and development. It seems they’re also involved in providing telematics solutions for fleets.

Financially, Parksafe Automotive Ltd shows a mixed picture. Current assets increased by 53% to £3,100,000, while net assets grew by 24% to £1,800,000. Bank borrowings increased significantly, reaching £29,000, and cash reserves fell 93% to £330,000. Creditors also increased, rising 140% to £1,300,000. The company’s small size (meeting two of three conditions for a small company) helps it remain agile, but the increase in creditors could be a sign of increased operational costs. The company’s unaudited financial statements, without a named auditor, rely on director-reported data.

Overall, Parksafe Automotive Ltd appears to be a stable, albeit growing, business. Its focus on automotive safety solutions and its commitment to quality position it well in a specialized market, but the increase in creditors warrants attention.

Registered in England/Wales under the registration number 04883440, with a registered address at NG5 1AP, United Kingdom, Nottingham, Newstead House, Pelham Road.

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