Performance Parts Ltd.

Performance Parts Ltd, based in Daventry, UK, is a small, active company established 26 years ago. With 21 employees and £1,405,200 in assets, it operates from a real address and is managed by two directors and owners. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 310 months of import activity and 44 months of export activity recorded.

The company’s website, dynodaze.co.uk, showcases a thriving business specializing in performance car parts and services. It’s a distributor with a wide range of products, from Honda specialist parts to accessories for various car brands like Mazda, Mitsubishi, Nissan, and Toyota. The site offers services like stage 1 remapping, custom paintwork, and ECU management, catering to car enthusiasts. It also features a shop selling branded merchandise and links to partner brands like Forge Motorsport and Haltech. The website's structure suggests a strong focus on e-commerce, with clear product categories, a shopping cart, and secure payment options.

Financially, Performance Parts Ltd shows a mixed picture. Current assets have decreased by 5.9% to £1,400,000, while net assets have fallen 13% to £820,000. Bank borrowings have been reduced by 50%, reaching £33,000, and cash reserves have dropped significantly to just £22. Creditors have increased by 8.6%, suggesting a need for better management of payments. Trade debtors have also decreased by 2.8%. 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 remain flexible, but the decline in equity raises some questions. There’s no auditor mentioned, so the figures are unaudited.

The company’s payments to related parties, specifically key management personnel, remained consistent at £75,000. It’s likely that the decrease in cash reserves is a result of increased investment in inventory or marketing efforts to support the online sales platform, although the increase in creditors suggests a need to monitor cash flow more closely.

Registered in England/Wales under the registration number 03710776, with a registered address at NN11 4HE, Daventry, Northamptonshire, Units 3 & 4, Broad March Long March Industrial Estate.

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