Remax Accessories Ltd

Remax Accessories Ltd is a small, active company based in Hayes, UK, founded five years ago in 2019. The business, run by a solo founder and single director, operates an e-commerce site and is registered at a real address. While it’s a regular importer, its top import category is listed as “None,” with just three months of import activity recorded. Accounts are overdue for two years, and confirmation statements are outstanding for one year. The company holds £89,389 in assets.

The company’s website, Auto Electric Supplies, showcases a vast catalog of auto electrical components and accessories, catering to both modern and classic vehicles, as well as marine applications. It boasts a 240-page catalog and offers a range of services, including piano restoration, and even has a showroom in Harrods, London. It's a one-stop shop for anyone needing parts or services related to vehicle electrical systems.

Financially, Remax Accessories Ltd presents a mixed picture. Bank borrowings increased significantly to £50,000, while cash reserves fell to £59,000. Creditors also rose to £50,000, and £35,000 within one year. Despite this, net assets liabilities remained at £4,200. 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 it to remain agile, but the increase in bank borrowings and decrease in cash reserves suggests potential financial strain. With no auditor mentioned, the unaudited figures rely on director-reported data. It's clear the business is working hard, but whether it can sustain its growth remains to be seen.

Registered in England/Wales under the registration number 12191905, with a registered address at UB3 1TG, England, Hayes, 24 Colbrook Avenue.

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