Specialist Motors Limited

Specialist Motors Limited is a small, active company based in London, UK, with a history spanning 19 years. Founded in 2005, it employs five people and holds £325,777 in assets. It’s a family business with two directors and four owners, operating from a real address. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 5 months of import activity and 271 months of export activity recorded.

The company's core business revolves around the sale of new and used cars and light motor vehicles, alongside the wholesale and retail trade of motor vehicle parts and accessories. It also appears to be involved in piano restoration and sales, operating under the name 1066 Pianos, with a presence in Cambridge and even a showroom in Harrods. This suggests a diversification of business interests beyond the automotive sector.

Financially, Specialist Motors Limited presents a mixed picture. Current assets have increased by 20% to £330,000, while net assets have seen a dramatic rise, increasing by 1700% to £45,000. Cash reserves have also experienced a significant jump, growing by 7700% to £51,000. However, creditors have increased by 4.2% to £290,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 49 employees. There’s no auditor mentioned, indicating exemption as a small company.

The significant increase in equity suggests a positive trend, potentially driven by improved profitability or increased investment. However, the rise in creditors warrants attention, as it could indicate challenges in managing short-term liabilities. The company’s dual focus on automotive sales and piano restoration creates a unique business model, but it also introduces complexity in managing diverse operations.

Registered in England/Wales under the registration number 05638657, with a registered address at W7 2DG, England, London, 21 Boston Parade, Boston Road, Hanwell.

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