Selective Cars Ltd

Selective Cars Ltd, based in Romford, UK, is a small, active company established eight years ago. With three employees and £703,365 in assets, it’s a solo-founded operation led by a single director and owner. The company operates from a real address, with only two other companies registered there, suggesting a genuine location. Selective Cars Ltd is a regular exporter of vehicles, parts, and accessories (excluding trains and trams), with 53 months of export activity recorded, the latest in February 2025. However, it’s an irregular importer, bringing in machinery, boilers, and mechanical appliances—parts—for just one month, the last import operation also in February 2025.

The company’s website is non-existent, so it’s difficult to ascertain if they are involved in e-commerce. However, their business activities include maintenance and repair of motor vehicles, the sale of used cars and light motor vehicles, and other business support services.

Financially, Selective Cars Ltd shows some concerning trends. While current assets increased by 33% to £700,000, net assets also rose by 25% to £510,000. However, trade debtors have increased dramatically by 470%, reaching £410,000—suggesting a reliance on customer payments. Bank borrowings have also increased, reaching £930. Cash reserves have grown significantly, reaching £32,000. Creditors have also risen by 75%, reaching £170,000. 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. There is no auditor mentioned, so the figures are unaudited.

Overall, Selective Cars Ltd appears to be facing some challenges in managing its finances, particularly concerning customer payments. The growth in assets is positive, but the significant increase in trade debtors warrants closer attention.

Registered in England/Wales under the registration number 10599606, with a registered address at RM3 7AX, England, Romford, 59 Keats Avenue.

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