Riverside Automotive Ltd

Riverside Automotive Ltd, based in Leicester, UK, is a small, active company founded three years ago. With £212,748 in assets and a real address, it’s a solo-founded operation managed by one director and owner. The company operates in the sale of other motor vehicles, and it's an irregular importer of vehicles, parts, and accessories – although just for two months, with the last import activity recorded in August 2022.

The company’s website, riversideautoshotmail.co.uk, positions itself as Stowmarket’s leading used car sales and service centre, offering a wide range of vehicles, finance options, and services like MOT tests and body repairs. It even provides a vehicle sourcing service and nationwide home delivery, which is a nice touch. They seem to be trying to appeal to a broad customer base, offering everything from cars and vans to bikes and motorhomes.

Financially, Riverside Automotive Ltd shows a mixed bag. While cash bank on hand increased by a significant 130% to £40,000, debtors have dramatically decreased by 93%, leaving just £1,500 outstanding. Creditors have also decreased slightly, and net assets have improved to £980, a positive change from the previous year's loss. However, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it's reliant on maintaining a tight rein on expenses. The company’s retained earnings have improved, but it's still a small amount. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Riverside Automotive Ltd seems to be navigating the challenges of a small business, focusing on customer service and a diverse range of services to attract buyers. It's a little unclear if the recent improvements in finances are sustainable, but the company's online presence and service offerings suggest a commitment to growth.

Registered in England/Wales under the registration number 13919861, with a registered address at LE5 5QA, England, Leicester, 1 Horston Road.

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