Pct Automotive Limited

Pct Automotive Limited, based in Sheffield, UK, is a small holding company with an active status, celebrating 36 years since its founding in 1988. The company employs 14 people and holds assets valued at £2,248,554. With three directors and one owner, it operates from a real address and focuses on the manufacture of other fabricated metal products. The firm irregularly imports vehicles, parts, and accessories (excluding trains and trams) and exports electrical machinery and equipment.

The company’s website highlights its specialization in towbars, towing electrics, and commercial vehicle accessories. It’s a manufacturer and distributor, boasting a heritage dating back to 1926. The site emphasizes precision engineering, quality products, and a commitment to customer service, with a particular focus on prestige detachable towbar systems. The company also offers a newsletter and provides information on product development and news.

Financially, Pct Automotive Limited presents a mixed picture. Accumulated amortisation of intangible assets increased slightly, while accumulated depreciation of property, plant, and equipment also saw a small rise. Cash bank on hand decreased by a significant 33%, dropping to £66,000, and creditors within one year increased by 20% to £1.6 million. Trade debtors, however, grew by 14% to £1.5 million. Equity has declined substantially, falling by 29% to £770,000. Net current assets and liabilities have also decreased. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

The decline in cash reserves and equity suggests the company may be burning through money, although the increase in trade debtors could indicate a strategy of extending credit to customers. The company's focus on quality and customer service, combined with its established heritage, should help it navigate these challenges.

Registered in England/Wales under the registration number 02287633, with a registered address at S20 3GH, England, Sheffield, New Street Holbrook Industrial Estate, Holbrook.

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