Prime Automobiles Ltd

Prime Automobiles Ltd is a small, active company based in Wellingborough, UK, founded nine years ago in 2016. With £27,015 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Vadimas Agejevas. The business operates in the sale of used cars and light motor vehicles, but it’s an irregular importer, with its top import category being none, totaling just one month of imports recorded in 2022. The company is a regular exporter, with its top export categories including electrical machinery and equipment, totaling eleven months of exports.

The company’s website is not available, so it’s difficult to determine if they operate an e-commerce site or if they rely on traditional sales methods. It seems they are focused on the B2B sector, selling used cars and light motor vehicles.

Financially, Prime Automobiles Ltd shows a mixed picture. Current assets increased slightly to £27,000, while net assets increased to £6,400. Bank borrowings decreased by 17% to £12,000, and cash reserves fell by 75% to £1,600. Creditors decreased by 17% to £12,000, suggesting better debt management. 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 stay agile, but the cash drop is a little concerning. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It appears the company is holding steady, but it's important to monitor its cash flow in the coming months. Vadimas Agejevas, the director and owner, will need to ensure the business maintains a healthy financial position to continue its operations.

Registered in England/Wales under the registration number 10095949, with a registered address at NN8 2AY, United Kingdom, Wellingborough, Northamptonshire, 53 Henshaw Road.

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