Select Auto Supplies Limited

Select Auto Supplies Ltd, based in Coventry, UK, is a small, family-run business with an active status, established 14 years ago. The company employs just three people and holds £523,621 in assets, operating from a virtual address shared by many other companies. It’s led by two directors and two owners, and regularly imports vehicles, parts, and accessories—a trend that’s been ongoing for the past 15 months, with the last import occurring in November 2022.

The company’s website highlights a focus on wholesale wheel fixings, bolts, nuts, and accessories, catering to trade customers only. They offer a wide range of products, emphasizing reliability and competitive pricing, and even have a catalogue available for download. The site also showcases a selection of new products, including various tuner nuts and lock bolts, demonstrating a commitment to expanding their offerings. A section titled "About Us" emphasizes over 25 years of experience and a dedication to quality and innovation. Contact information is prominently displayed, and a simple Wix-created website gives the impression of a modern, customer-focused operation.

Financially, Select Auto Supplies Ltd presents a mixed picture. Cash bank on hand has decreased by 13%, dropping to £270,000, while merchandise has fallen by 8%, settling at £160,000. Trade debtors have increased significantly by 16%, reaching £95,000, which could indicate a growing customer base or perhaps delayed payments. However, creditors have also decreased by 12%, suggesting better management of short-term liabilities. Equity has declined by 5.6%, falling to £410,000, and property, plant, and equipment has decreased by 44%, sitting at just £450. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

Overall, Select Auto Supplies Ltd appears to be navigating a period of change. While the company’s core business seems stable, the decrease in cash reserves and equity raises questions about its long-term financial health. The increase in trade debtors could be a temporary blip, or it could signal challenges in collecting payments.

Registered in England/Wales under the registration number 07522039, with a registered address at CV5 6UB, United Kingdom, Coventry, West Midlands, 1110 Elliott Court Coventry Business Park, Herald Avenue.

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