Tanks Classics Ltd

Tanks Classics Ltd, based in Ulverston, UK, is a small, active company founded ten years ago. With two employees and £146,534 in assets, it’s a solo-founded operation run by two directors and owners. The company is a irregular importer of electrical machinery and equipment, with just one month of import activity recorded, and an irregular exporter of art and antiques, with one month of export activity.

Tanks Classics Ltd specializes in the sale, maintenance, and restoration of Velocette motorcycles and related parts. Its website showcases a wide range of services, from museum-grade piano restoration (a separate venture) to supplying parts for classic motorcycles. The company also offers bespoke motorcycle builds and carries a selection of genuine Amal parts. It operates an online shop and provides restoration services from its workshop in Cumbria.

Financially, Tanks Classics Ltd presents a mixed picture. Current assets increased by 17% to £150,000, while net assets decreased by 5.3% to £18,000. Bank borrowings remain steady, and cash reserves increased by 35% to £6,500. Trade debtors have risen dramatically, increasing by 29,000%, which could indicate a need to manage customer payments more effectively. Creditors decreased by 37%, suggesting improved debt management. As a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it benefits from agility, but the decline in equity warrants attention. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Tanks Classics Ltd appears to be navigating a period of change. While its core business of motorcycle restoration and parts sales remains active, the financial data suggests a need for careful management and a focus on sustainable growth.

Registered in England/Wales under the registration number 09429416, with a registered address at LA12 7PA, England, Ulverston, Cumbria, Workshop 1 Old Hall Farm, Old Hall Road.

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