Topgear24 Ltd

Topgear24 Ltd from Derby UK: a small holding company with an active status, founded two years ago, employs just two people, and holds £19,494 in assets. It operates from a real address and is managed by two directors and one owner, running an e-commerce site. The company’s activities span retail sales via mail order, professional and technical services, and other service activities.

The website, Topgear.co.uk, focuses on custom exhausts, alloy wheels, and tuning parts for cars. It prominently features electronic exhaust systems, particularly the "THOR" system, which promises to transform any vehicle into a "super car" with a mobile app. The site also offers financing options through Bumper and showcases a range of products, including exhaust silencers, tailpipes, and performance parts for luxury brands like Audi, Ferrari, and Porsche. It’s clear that Topgear24 Ltd is deeply involved in the automotive aftermarket, specializing in high-performance modifications and electronic enhancements.

Financially, Topgear24 Ltd presents a mixed picture. Current assets increased by 70% to £19,000, while net assets also grew by 65% to £12,000. However, bank borrowings decreased significantly, dropping by 96% to just £90. Creditors also increased by 79% to £7,100. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in creditors could indicate a need for improved cash flow management. With no auditor mentioned, the figures rely on unaudited statements.

The company’s growth in assets and revenue suggests a healthy core business, but the increase in creditors warrants attention. The focus on high-performance automotive parts and electronic enhancements, combined with the e-commerce platform, positions Topgear24 Ltd to capitalize on the growing demand for vehicle customization—but managing cash flow will be key to sustaining this momentum.

Registered in England/Wales under the registration number 14350514, with a registered address at DE72 3QS, England, Derby, 85 Wallis Close, Draycott.

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