Road Test Services Limited

Road Test Services Limited is a small, active company based in Wolverhampton, UK, founded seven years ago in 2017. With six employees and £876,379 in assets, it’s a privately held operation with two directors and a single owner, Sargent Timothy, who also serves as a solo founder. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website showcases a range of automotive testing and inspection services, including road testing, emissions testing, and vehicle inspections. It caters to both individual vehicle owners and larger automotive businesses, offering a convenient and reliable way to ensure vehicle safety and compliance. While the website is functional, it lacks the polish of a larger, more established player in the automotive sector. It’s clear the company is focused on delivering practical services rather than flashy marketing.

Financially, Road Test Services Limited shows a mixed picture. Current assets have decreased by 10%, dropping to £880,000, while cash bank on hand has fallen by a more significant 12%, now sitting at £860,000. Creditors have decreased by 47%, a positive sign of improved debt management, but corporation tax payable has also fallen dramatically by 47%, which could indicate a change in tax strategy or a one-off payment. Bank borrowings have remained stable. The company’s size (meeting two of three criteria for a small company) allows for flexibility, but the decrease in cash reserves warrants attention. The company’s net current assets and liabilities have also decreased by 3.7%. With no auditor mentioned, the financial statements are unaudited.

Overall, Road Test Services Limited appears to be a steady, albeit small, operation. While the decrease in cash reserves is a concern, the reduction in creditors suggests better financial discipline. The company’s focus on a niche service—automotive testing—could provide a competitive advantage, but it will need to manage its finances carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 11006571, with a registered address at WV7 3AU, England, Wolverhampton, Maple House Holyhead Road, Albrighton.

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