The Mx5 Restorer Ltd

The Mx5 Restorer Ltd, based in Pevensey, UK, is a small, active company founded 16 years ago in 2008. With seven employees and £60,754 in assets, it operates from a real address at Unit 19 Potts Marsh Industrial Estate. Two directors and two owners (though this list isn's exhaustive) steer the business, which specializes in the maintenance and repair of motor vehicles. It’s an irregular importer, primarily bringing in vehicles, parts, and accessories, with its last import activity recorded over a year ago in November 2016.

The company’s website showcases a comprehensive service offering for MX5 owners, from basic servicing and MOTs to full restorations, welding repairs, and even modifications like turbo conversions. It's a one-stop shop for enthusiasts, catering to all three MX5 models (Mk1, Mk2, and Mk3). The site also features an online store selling parts, and even a section dedicated to piano restoration—a surprising, though potentially lucrative, diversification.

Financially, The Mx5 Restorer Ltd presents a mixed picture. Current assets have decreased by 30% to £61,000, while net assets have dropped by a more significant 14% to £1900. Bank overdrafts have been reduced by 42%, indicating better cash flow management. Trade debtors have plummeted by a staggering 81%, which could signify improved collections or a shift in sales practices. The company's small size (meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) allows it to remain nimble, but the decline in equity warrants closer scrutiny. With no auditor mentioned (likely exempt as a small company), the financial statements are unaudited.

Overall, The Mx5 Restorer Ltd appears to be navigating a challenging economic climate, relying on its specialist expertise and dedicated customer base to sustain its operations. The diversification into piano restoration could prove beneficial, but it's a gamble that will require careful management.

Registered in England/Wales under the registration number 06647973, with a registered address at BN24 5NH, England, Pevensey, Unit 19 Potts Marsh Industrial Estate, Westham.

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