Trucksmith Service Limited

Trucksmith Service Limited, based in Cullompton, UK, is a small, active company founded 11 years ago. Employing just four people, it operates from a real address and is led by one director and owner, boasting a respectable Google rating of 4.0 from 13 reviews. The company is a regular importer of plastics and plastic products, with 10 months of import activity recorded, the last in December 2024. Trucksmith specializes in the maintenance and repair of motor vehicles, operating as a leader in low-floored Luton van conversions. Its website highlights its "Loloader" range, a popular choice in Europe, and emphasizes partnerships with major vehicle manufacturers like Renault, Opel, and Toyota. It even has a showroom in Harrods, London.

Trucksmith's website reveals a broader scope than just Luton van conversions. It offers a wide range of options, including paint livery, vehicle type approval, parts, and repairs. The company actively seeks talented individuals, encouraging speculative applications alongside advertised vacancies. It’s a family-run business since 1985, now employing more than 100 people.

Financially, Trucksmith shows a mixed picture. Cash reserves have declined by 27%, falling to £9,000, while bank borrowings have surged by 2,400%, reaching £29,000. Creditors decreased by 59%, suggesting improved debt management, but debtors have ballooned by 260%, potentially indicating delayed payments. Net assets have plummeted 59%, settling at -£200,000, and equity has also dropped significantly. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the sharp equity decline is a concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite the financial pressures, Trucksmith's strong reputation and established partnerships suggest it’s holding steady. The Luton van conversion business, meanwhile, thrives on prestige and heritage—a contrast to the more modest financial performance.

Registered in England/Wales under the registration number 08994680, with a registered address at EX15 3FH, England, Cullompton, Unit 2 King Place, Hitchcocks Business Park, Uffculme.

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