Pennant Classics Ltd

Pennant Classics Ltd, based in Chester, UK, is a small, active company founded three years ago. With two employees and a real address, it’s a modest operation led by a single director and owner, De Mynn Karim. The company’s primary activity involves the irregular import of vehicles, parts, and accessories—just one month of imports were recorded as of June 2024.

The company’s website reveals a focus on classic car restoration, operating as a Warwickshire-based workshop specializing in rare and sought-after vehicles. They offer services ranging from routine inspections to museum-grade restorations, promising competitive pricing and a stress-free experience. The website also features a contact form and a sign-up for specials, sales, and events—typical of a business aiming to engage directly with customers.

Financially, Pennant Classics Ltd presents a mixed picture. Accumulated depreciation on computer equipment has increased significantly, while Furniture Fittings have also seen a rise. However, cash bank on hand has dropped by a substantial 53%, and net assets have plummeted 67% to just £4,100. Bank borrowings have decreased, and creditors have also fallen—a positive sign. The company's small size (meeting two of three conditions for a small company) allows for flexibility, but the sharp decline in equity and the negative net current assets (-£1,600) raise concerns. With no auditor mentioned, the figures are unaudited.

The company's focus on classic car restoration seems to be a niche market, but the financial data suggests it’s facing some challenges. Whether this is a temporary setback or a longer-term trend remains to be seen—but for now, Pennant Classics Ltd is navigating a period of financial adjustment.

Registered in England/Wales under the registration number 13745778, with a registered address at CH1 1QE, England, Chester, C/O Exchequer Contracts Unit 3-4, St Johns Court, Vicar's Ln.

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