Retroelectric Limited

Retroelectric Limited, based in Liphook, UK, is a small, active company founded six years ago. With six employees and £92,322 in assets, it’s a modest operation led by a single director and owner. The company enjoys a stellar 5.0-star Google rating based on eight reviews, and regularly imports electrical machinery and equipment, with the most recent import occurring in June 2024.

Retroelectric’s core business revolves around classic car restoration and electric conversions. Its website showcases a curated selection of converted electric cars, restoration services, and a blog detailing the process. The company specializes in breathing new life into iconic vehicles from the 1960s and 1970s, equipping them with clean electric engines, luxurious interiors, and choice upgrades. It also operates a showroom in Harrods, London.

Financially, Retroelectric Limited presents a mixed picture. While current assets increased by 13% to £92,000, net assets declined by 22% to -£70,000, a significant drop. Bank borrowings remained stable at £18,000, but cash reserves decreased by 33% to £44,000. Creditors increased by 43%, suggesting a need to manage debt. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. The lack of an auditor is typical for a small company, and the financial statements are unaudited.

Overall, Retroelectric Limited appears to be navigating a period of change. While its classic car conversion business seems to be thriving, the financial figures indicate a need for careful management. The decline in equity is a concern, and the company will need to maintain its focus on quality and customer satisfaction to ensure its long-term success.

Registered in England/Wales under the registration number 11922914, with a registered address at GU30 7EH, United Kingdom, Liphook, Hampshire, Pine Ridge, Wheatsheaf Enclosure.

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