Porsche Classics Limited

Porsche Classics Limited, based in Braintree, UK, is a small, active company founded nineteen years ago in 2006. With nine employees and £392,208 in assets, it operates from a virtual address – a detail worth noting as 134 companies are registered at the same location. The business is led by two directors, including its solo founder, Prill Andrew John.

Porsche Classics specializes in the service and restoration of classic Porsches, offering everything from routine servicing to full engine rebuilds and race preparation. Its website showcases a range of services and parts, including specialist ignition systems and rare Porsche components, catering to a passionate community of classic car enthusiasts. The company also imports and exports vehicles, parts, and accessories—primarily for the classic Porsche market—with a consistent import history spanning 51 months and four months of export activity.

Financially, Porsche Classics Limited presents a mixed picture. While current assets have increased by 21% to £390,000, trade debtors have skyrocketed by 530%, reaching £110,000. This could indicate a shift in payment terms or potentially delayed customer payments. Bank borrowings have also decreased by 12%, suggesting a reduction in reliance on external financing. Cash reserves have fallen by 45% to £89,000. Creditors have increased by 61%, which could be a result of increased stock levels to meet demand. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the significant increase in trade debtors warrants attention. As a small company, it is exempt from an audit, and the financial statements are unaudited.

Registered in England/Wales under the registration number 05755921, with a registered address at CM7 3GB, Braintree, Essex, 3 Warners Mill, Silks Way.

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