The Scrapyard Ltd

The Scrapyard Ltd from Birmingham UK: a small, active company founded 11 years ago, employs three people, and holds £33,642 in assets. It's a real address, managed by one director and owner, and boasts a respectable 4.0 Google rating from 56 reviews. The company is an irregular importer of vehicles, parts, and accessories (excluding trains and trams), with its last import activity occurring one month ago in May 2021.

The company operates as a car breakers yard and parts specialist, with a strong focus on online sales and export. Its website, The Scrappers, highlights a wide range of services, including vehicle valuation, used engine sales, scrap metal recycling, and vehicle recovery. They export cars and parts to countries like Egypt, Ghana, Nigeria, and Poland. The site also features a TV series and emphasizes customer service, with a friendly staff ready to assist with any questions. They even offer WhatsApp support!

Financially, The Scrapyard Ltd presents a mixed picture. Current assets have decreased slightly, falling by 4.1% to £34,000, while net assets have increased by 11% to £9,800. Bank borrowings have seen a significant drop of 44%, down to £12,000, and cash reserves remain stable at £1,300. Creditors have decreased by 44%, suggesting improved debt management. The company meets two of the three criteria to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is typical for a small company.

Overall, The Scrapyard Ltd appears to be holding its own, but the decline in current assets and the rise in other creditors suggest a need for careful financial management. The company’s focus on online sales and export markets, combined with its established reputation, provides a solid foundation for future growth.

Registered in England/Wales under the registration number 09040680, with a registered address at B10 0PQ, Birmingham, 92 Jenkins Street.

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