Parts Plug Uk Ltd

Parts Plug UK Ltd, based in Nazeing, UK, is a small, active company founded four years ago. With three employees and £195,526 in assets, the company generates £349,669 in yearly revenue. It's a solo founder operation, managed by a single director and owner. The company has a real address and operates as a regular importer of machinery, boilers, and mechanical appliances—parts, with 11 months of import activity recorded as of June 2024. It also engages in irregular exporting of vehicles, parts, and accessories (excluding trains and trams), with one month of export activity as of October 2023.

The company’s website, PartsPlugUK, is a vibrant online marketplace specializing in performance parts for cars. It's a comprehensive site, showcasing a wide range of products from engine internals and turbo accessories to suspension components and transmission parts. The site caters to enthusiasts and professionals alike, offering brands like ACL Race Bearings, Nitto, and Precision Turbo. It even has a trade portal for bulk purchases. The site's design is modern and visually appealing, with a focus on high-quality images and detailed product descriptions. The site also features a blog with installation guides and technical articles, reinforcing its expertise in the automotive performance sector.

Financially, Parts Plug UK Ltd shows a mixed bag. While turnover increased by 26% to £350,000, net losses deepened from -£10,000 to -£23,000. Cash reserves plummeted 71% to just £4,100, and bank borrowings surged by 2,400%, reaching £29,000. Creditors rose 35% to £34,000. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms. 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 raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Parts Plug UK Ltd is showing signs of a growing business facing some financial pressures. The company’s focus on performance parts and its online presence suggest a niche market strategy, but the need to manage cash flow and debt will be crucial for its long-term success.

Registered in England/Wales under the registration number 13307767, with a registered address at EN9 2DH, England, Nazeing, Waltham Abbey, F27 Tylers Cross Nursery, Epping Road.

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