Partsworld Limited

Partsworld Limited, based in Cannock, UK, is a sizable company with an active status, having been incorporated 29 years ago in December 1995. Employing 38 individuals, the business holds assets totaling £13,868,778 and generates a yearly revenue of £22,643,719. The company, overseen by four directors and a single owner, operates from a real address and regularly imports vehicles, parts, and accessories (excluding trains and trams) – a consistent activity spanning 146 months, with the last import in January 2025. It also exports machinery, boilers, and mechanical appliances, parts, for an impressive 258 months, with the last export also in January 2025.

The company’s website showcases a diverse range of automotive parts and services. It’s clear Partsworld operates as a wholesale distributor, supplying parts to various retailers and workshops. The site highlights several subsidiary brands, including Drivetrain Supplies, Powertrain Supplies, Netlogistics, and Reliant Parts World, indicating a broader network within the automotive industry. It also has a separate division specializing in piano restoration, a surprising and prestigious venture.

Financially, Partsworld Limited presents a mixed picture. While cash bank on hand increased by 45% to £9,600,000, net assets also rose by 20% to £11,000,000. However, administrative expenses decreased by 24% to £2,000,000, suggesting cost-cutting measures. A significant increase in audit fees—rising 200% to £16,000—is noticeable, perhaps reflecting increased regulatory scrutiny. Trade creditors also increased considerably, by 120% to £29,000,000, which could be a sign of stretched payment terms or increased purchasing. The company's size (meeting two of three criteria for a large company) means it's subject to more rigorous reporting requirements. No auditor is mentioned, likely due to exemption as a large company. Overall, Partsworld appears to be navigating a challenging environment, balancing cost control with increased financial obligations.

Registered in England/Wales under the registration number 03133544, with a registered address at WS11 8XW, Cannock, Staffordshire, Unit C, Orbital Way.

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