Performance Engine Solutions Limited

Performance Engine Solutions Ltd, based in Bridgwater, UK, is a small, active company founded nine years ago. With two employees and £23,349 in assets, it operates an e-commerce site specializing in performance parts for cars, as evidenced by its website. The company has a Google rating of 2.0 based on nine reviews. It’s a solo-founded business with two directors, one of whom is the owner. The company is an irregular importer of machinery, boilers, and mechanical appliances, with its last import operation recorded two months ago. Accounts are three months overdue, and confirmation is overdue by eight days.

The website, GB Enterprises, showcases the company’s expertise in engine rebuilding and performance tuning. It offers a range of services, including dyno testing, ECU mapping, and restoration work, catering to car enthusiasts. The site highlights a new 2500HP dyno cell and emphasizes experience with German and Japanese marques. It also features a dedicated tuning page and a tech library. The website also shows the company selling pianos.

Financially, Performance Engine Solutions Ltd has seen some concerning trends. Cash bank on hand has fallen significantly by 57%, dropping to £6,700, while bank borrowings have increased by 19%, reaching £170,000. Creditors have also risen by 19%, reaching £170,000. Net assets have decreased by 6.5%, landing at -£240,000. Although the company meets two of the three conditions to be classified as small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the decline in equity and cash reserves suggests it's burning through money. The lack of an auditor mentioned, likely due to its small size, means the figures are unaudited. The company's current assets have also decreased by 29%.

Registered in England/Wales under the registration number 10153854, with a registered address at TA5 2RA, United Kingdom, Bridgwater, Somerset, Riverview House, 37a Riverside, Combwich.

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