Redline Specialist Cars Limited

Redline Specialist Cars Ltd from Knaresborough UK is a large, holding company with an active status, established 28 years ago. The company employs 33 people and boasts assets of £24,187,192. It has a real address, is overseen by three directors and one owner, and maintains a stellar Google rating of 5.0 based on 2050 reviews. Redline Specialist Cars regularly imports vehicles, parts, and accessories (not for trains or trams), with four months of import activity recorded, and exports irregularly, with one month of export activity.

The company's website, Redline Specialist Cars, focuses on prestige and performance supercars, and you need to enable JavaScript to run the app. It seems to be primarily an online presence, showcasing a range of vehicles and services.

Financially, Redline Specialist Cars Ltd presents a mixed picture. While cash reserves increased significantly by 100% to £1,800,000, net assets decreased by 14% to £5,600,000. Bank borrowings increased substantially by 1300% to £160,000, and trade debtors decreased by 60% to £400,000. Creditors also increased by 22% to £17,000,000. The company’s administrative expenses increased by 4.3% to £2,500,000, and the audit fees increased by 19% to £25,000. The company’s net loss deepened by 110% to -£300,000. The company’s director remuneration benefits decreased by 41% to £110,000. The company’s director signing financial statements is not known. The figures were audited by TC Group.

These trends suggest the company is experiencing some financial pressure, despite the strong Google rating and regular import activity. The increase in borrowings and decrease in net assets could be due to investments in inventory or expansion efforts. However, the significant net loss indicates challenges in converting sales into profits. It's possible the company is navigating a competitive market or facing increased operating costs.

Registered in England/Wales under the registration number 03326062, with a registered address at HG5 8PY, Knaresborough, North Yorkshire, Grimbald Crag Close, St James Business Park.

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