Torques Products Limited
- Small
- Active
- 15 years
- 6 employees
- £270,297 (assets)
- Real address
- 2 directors
- 2 owners
- Regular importer
- Family business
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Torques Products Limited, based in Abergavenny, UK, is a small, family-run business established fifteen years ago. With six employees and £270,297 in assets, it operates an e-commerce site specializing in the retail trade of motor vehicle parts and accessories. The company is active and has two directors and two owners, with Austin Rebecca Claire and Austin Alex Charles at the helm. It regularly imports aluminum and aluminum products, having done so for 43 months, with the latest import recorded in February 2025.
The company’s website, Torque Distribution, positions itself as Europe’s leading trade-only automotive aftermarket parts supplier, offering a wide range of performance brands and official distributors. It caters to a trade-only audience, with a focus on supplying parts for various vehicle makes and models, from Subaru to Ford to Mitsubishi. The site features a comprehensive catalogue, search functionality, and a newsletter for updates on new products and promotions. It also has a section for becoming a dealer or supplier, highlighting the benefits of partnering with Torque Distribution.
Financially, Torque Distribution’s numbers show a mixed picture. Current assets decreased by 8.5% to £270,000, while cash bank fell by 15% to £160,000. Trade debtors saw a significant drop of 34%, which could indicate improved collection efforts or a shift in credit policies. However, creditors also decreased by 4.4%, and net assets declined by 10% to £220,000. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the decline in equity warrants attention. The company’s unaudited financial statements, likely exempt due to its size, rely on director-reported data.
The company’s recent increase in other creditors (83%) and decrease in future minimum lease payments (-33%) could be a sign of restructuring or a change in operational expenses. The lack of an auditor mentioned suggests a focus on cost management and streamlined reporting, but the financial trends suggest a need for careful monitoring and strategic decision-making.
Registered in England/Wales under the registration number 07183995, with a registered address at NP7 5BF, Abergavenny, Uk, Linden House, Monk Street.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 2 years
- 25%+
-
Resident of United Kingdom
-
Individual
- 9 years
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 6 months
-
Resident of United Kingdom
-
Individual
- 15 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted four months ago.
Last news
-
Confirmation statement made on 2025-02-28 with no updatesDownload 3 pages pdf report
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Total exemption full accounts made up to 2024-03-31Download 9 pages pdf report
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Appointment of Mrs Rebecca Claire Austin as a director on 2024-12-13Download 2 pages pdf report
Importer profile by HS codes
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Last imported products
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