Rts Motors Ltd

Rts Motors Ltd, based in Grimsby, UK, is a small, family-run business with an active status. Founded eight years ago, the company employs four people and holds £511,841 in assets. It’s a tight-knit operation with two directors and owners, and boasts a perfect 5.0 Google rating from a single review. The business is an irregular importer of art and antiques, with just two months of import activity recorded as of October 2021.

The company operates as a motorbike and car dealership, offering a wide selection of pre-owned vehicles. Its website, “The Real Toy Shop,” emphasizes a welcoming atmosphere (“Give us a call or pop in for a game of pinball and a brew!”) and a diverse inventory, ranging from classic British bikes to modern specimens. The site also offers part exchange quotes and highlights its expertise in vehicle restoration. It's a friendly, approachable business.

Financially, Rts Motors Ltd shows some concerning trends. Cash bank on hand plummeted 94%, falling to just £3,900, while creditors increased by 26% to £150,000. Equity also took a hit, decreasing 8.4% to £410,000. On a brighter note, debtors increased by 220%, suggesting improved collection efforts, and accumulated depreciation impairment decreased by 13%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the significant drop in cash reserves raises questions about its immediate financial health. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Rts Motors Ltd appears to be holding steady but facing pressures. The company’s ability to maintain its inventory and meet its financial obligations will be key to its long-term success.

Registered in England/Wales under the registration number 10607294, with a registered address at DN33 2AR, England, Grimsby, 151 Scartho Road.

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