Tier One Automotive Ltd

Tier One Automotive Ltd, based in London, UK, is a small, active company founded eleven years ago in 2014. With a single employee and £851,584 in assets, it operates from a virtual address – a detail flagged by the registration of 328 other companies at the same location. The company is led by one director and owner, Pope Alex Edward, and enjoys a stellar 5.0-star Google rating based on 69 reviews. It’s an irregular importer, primarily dealing in vehicles, parts, and accessories, with its last import activity dating back to December 2017.

The company’s website showcases a wide selection of prestige and performance cars, ranging from Abarth to Volvo, with a particular focus on luxury brands like Ferrari, Porsche, and Rolls Royce. It operates an online store with a search function allowing customers to filter by make, model, price range, and body type. The site also highlights services like finance options, vehicle sourcing, and preparation, indicating a comprehensive approach to the used car market. A section dedicated to "Previously Sold" vehicles suggests a history of successful transactions.

Financially, Tier One Automotive Ltd presents a mixed picture. Current assets have decreased by 18% to £850,000, while net assets have increased by 7.8% to £650,000. Bank borrowings have significantly reduced, dropping 30% to £25,000, and cash reserves have improved by 19% to £400,000. However, trade debtors have plummeted by 55%, indicating potential difficulties in collecting payments. Creditors have also decreased, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in debtors warrants closer attention. As a small company, it is exempt from an audit, and the figures are unaudited.

Registered in England/Wales under the registration number 08879100, with a registered address at N8 0JG, England, London, 32 Willoughby Road.

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