Simply Performance Limited

Simply Performance Ltd from Dorking UK: small company, holding company, active status, founded 8 years ago, 5 employees, £703,191 assets, real address, 2 directors, 3 owners, family business. Regular importer of vehicles, parts, and accessories (not for trains or trams) (9 months imported). Regular exporter of vehicles, parts, and accessories (not for trains or trams) (58 months exported). It's a leading supplier of Jaguar parts worldwide, operating both an e-commerce webshop and a more specialized restoration business.

The company’s core focus is the wholesale and retail of Jaguar car parts, both new and second-hand, catering to enthusiasts and collectors. They specialize in performance upgrades, including stainless steel exhaust systems, differential and axle work, suspension kits, and even V12 manual conversions. A significant aspect of their business is the restoration of vintage pianos, operating from Cambridge and even boasting a showroom in Harrods. The company's website highlights its commitment to quality and extensive industry experience, emphasizing its family-run nature and British craftsmanship. They even have a blog, which is a nice touch.

Financially, Simply Performance Ltd presents a mixed picture. While current assets increased by 22% to £700,000, the company’s equity dropped by 21% to £580,000. Bank borrowings increased by 300%, reaching £55,000, while cash reserves fell by 5.9% to £390,000. Trade debtors rose significantly by 85%, suggesting a possible increase in sales but also potential challenges in collecting payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the equity decline warrants further investigation. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial data shows a bit of a rollercoaster. While assets are up, the increase in bank borrowings and decrease in equity suggest a need to manage cash flow carefully. The increase in trade debtors could be a good sign of growing sales, or it could indicate difficulties in getting paid on time. The company's focus on Jaguar parts and its diversification into piano restoration shows a desire to cater to a niche market, but it also adds complexity to its operations.

Registered in England/Wales under the registration number 10255927, with a registered address at RH5 4QD, United Kingdom, Dorking, Surrey, Shepherds Farm Newdigate Road, Beare Green.

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