Salam Motor Ltd

Salam Motor Ltd, based in Ilford, UK, is a small, active company founded just one year ago. With £5,300 in assets, a real address, and a solo founder who also serves as director and owner, it’s a lean operation. The company is an irregular importer, bringing in vehicles, parts, and accessories (excluding trains and trams) for a couple of months, with the last import occurring in March 2024. It operates in the sale of other motor vehicles, the sale of used cars and light motor vehicles industries.

The company’s website, El Salam Bikes, El Salam Services, and El Salam WaterCraft, all currently marked "SOON," suggest an ambition beyond just importing. It hints at a potential expansion into bicycle sales, services, and even watercraft—though the details remain unclear. The website is a simple design, and doesn't give much away.

Financially, Salam Motor Ltd is showing some concerning trends. While the company meets the criteria to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), its net assets are currently at -£2,400, indicating liabilities outweighing assets. Cash on hand remains steady at £5,200, but creditors are at £7,700, and trade debtors are only £100. Bank borrowings are also at £7,700. The accounts are described as "filleted accounts" and were prepared using Taxfiler software. There's no auditor mentioned, which is typical for small companies. The accounts were authorised for issue on March 27, 2025.

It seems Salam Motor Ltd is navigating a challenging financial landscape. The company is burning through money, with liabilities exceeding assets, but it's also showing signs of potential growth with the planned expansion into new product lines. Whether it can turn things around and sustain its operations remains to be seen.

Registered in England/Wales under the registration number 15032864, with a registered address at IG3 9QW, England, Ilford, 21 Castleton Road.

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