Spd Automotive Limited

Spd Automotive Ltd from Leyland UK: a small, active company founded 24 years ago, employs five people, and holds £1,743,488 in assets. With a real address and four directors, it's a well-established operation run by a solo founder. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with a history of 105 months of importing and 78 months of exporting.

The company's website, Spd Automotive, is a comprehensive online store specializing in aftermarket Japanese tuning parts. It offers a wide range of products, from universal tuning components to brand-specific parts for BMW, Honda, Mazda, Nissan, and Toyota vehicles. The site caters to enthusiasts and professionals alike, offering everything from exhaust systems and suspension upgrades to body panels and wheels. It's clear the company is focused on a niche market, providing a one-stop shop for tuning enthusiasts.

Financially, Spd Automotive shows a mixed picture. While current assets remained relatively stable, at £1,700,000, bank borrowings increased significantly, by 11%, reaching £150,000. Cash reserves decreased by 12%, to £420,000. Trade debtors also increased, by 15%, suggesting a potential challenge in collecting payments. However, creditors decreased by 10%, indicating improved management of short-term liabilities. The company's small size (meeting two of three conditions for being classified as small) allows for flexibility, but the increase in borrowings and decrease in cash warrants closer attention. No auditor is mentioned, which is typical for small companies.

Overall, Spd Automotive appears to be a stable business operating in a specialized market. The company's strong online presence and wide product range are positive signs, but the increase in borrowing suggests a need to carefully manage its finances moving forward.

Registered in England/Wales under the registration number 04129188, with a registered address at PR26 6TZ, Leyland, Lancashire, Unit 2 Enterprise Court, Lancashire Business Park.

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