Saab Traders Ltd

Saab Traders Ltd from Birmingahm UK: small company, active status, founded 3 years ago, £633 assets, real address, 1 director, 1 owner, solo founder. It's a small business, meeting two of the three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website, Instinct Motors, is clearly focused on selling used vehicles. It offers a wide range of makes and models, from Audi to Volvo, with a tiered pricing system allowing customers to search within specific budget ranges. The site also highlights services like warranty options, part exchange programs, and AA Cars Standards accreditation, aiming to build trust and convenience. The website is well-structured, with clear navigation and detailed vehicle listings, suggesting a professional online presence. They even have a blog section, though it doesn’t appear to be regularly updated.

Financially, Saab Traders Ltd is facing some challenges. Current assets have fallen significantly, dropping 58% to just £630, and net assets are down a whopping 60% to -£3,000. Cash on hand has also plummeted 92%, leaving just £37. Bank borrowings have increased by 7.5% to £3,600. While creditors have also increased slightly, it’s the sharp decline in equity that’s most concerning. The lack of employees (zero reported) suggests a very lean operation, and the accounts are unaudited, relying on director-reported data.

It seems like the company is struggling to generate sufficient revenue to cover its expenses. Perhaps the used car market is more competitive than anticipated, or maybe marketing efforts need to be improved. The small size of the business—meeting two of three conditions for a small company—does offer some flexibility, but the negative equity is a worrying sign. It’s hard to say if this is a temporary setback or a longer-term trend, but Saab Traders Ltd will need to address these financial pressures to ensure its survival.

Registered in England/Wales under the registration number 13748589, with a registered address at B8 3EP, England, Birmingahm, West Midlands, 53 Cotterills Lane.

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