The Electric Scooter Company Group Ltd

The Electric Scooter Company Group Ltd, based in Olney, UK, is a small, active company founded four years ago. With two employees and £58,530 in assets, it operates as a private limited company, overseen by one director and two owners. The company primarily engages in retail sales via mail order and internet, catering to the electric vehicle market.

The company’s website, Electric Hybrid Vehicle Technology, is a news and magazine platform dedicated to the electric and hybrid vehicle industry. It features articles, technical insights, supplier spotlights, and event coverage, targeting professionals and enthusiasts alike. The site’s content spans battery technology, charging infrastructure, powertrain innovations, and motorsport electrification, showcasing a comprehensive overview of the sector. It's clearly not an e-commerce site for the scooters themselves, but rather a content hub.

Financially, The Electric Scooter Company Group Ltd presents a mixed picture. While current assets have increased by a substantial 120% to £59,000, net assets have decreased by 60% to -£210,000. Bank borrowings have increased significantly, and cash reserves have fallen by 31%. Creditors have also risen considerably, suggesting the company is relying on external financing to sustain operations. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s not subject to a full audit, and the figures are unaudited.

The company’s reliance on external financing and the decrease in equity raise concerns about its long-term financial health. While the website demonstrates a focus on content and industry expertise, the company’s ability to translate this into sustainable profitability remains to be seen.

Registered in England/Wales under the registration number 12770756, with a registered address at MK46 4AA, England, Olney, Buckinghamshire, 35 High Street South.

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