Setco Automotive (uk) Limited

Setco Automotive Uk Ltd, based in Rossendale, UK, is a large company with an active status, having been incorporated nineteen years ago in 2005. Employing twelve people, the company holds £1,783,247 in assets and generates £2,349,907 in yearly revenue. It has three directors, but no owners are listed, which is unusual. The company operates from a real address, and it’s registered with Companies House.

Setco Automotive is a significant player in the commercial vehicle parts industry. It regularly imports and exports vehicles, parts, and accessories—excluding trains and trams—having imported for 22 months and exported for 27 months. The company’s website, Lipe Clutch, highlights its specialization in clutches and flywheels for trucks and buses, with a focus on restoration and high-quality components. It even supplies parts to Harrods.

Financially, Setco Automotive shows some interesting trends. Creditors have fallen by 19%, which is good, but cash bank on hand has increased by 13%. However, net assets have fallen by 14% and bank borrowings have decreased by 91%, which could indicate a reliance on external funding. The company’s accumulated depreciation has increased by 1.5%, and administrative expenses have risen by 2.4%. It's worth noting that the company's turnover has fallen by 6.4% and net losses have decreased by 56%, which is a positive sign. The company’s auditor is Wheawill & Sudworth Limited.

Overall, Setco Automotive appears to be a stable, established business, although the decline in net assets warrants further investigation. The company’s focus on a niche market—commercial vehicle parts—and its strong presence in the industry suggest a resilient business model.

Registered in England/Wales under the registration number 05628324, with a registered address at BB4 4HU, Rossendale, Lancashire, Lipe Clutch Division, York Avenue Haslingden.

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