Truckwise (uk) Limited

Truckwise (uk) Limited, based in Perry Street, Bilston, is a small, active company founded 21 years ago. With nine employees and £518,822 in assets, it’s a well-established player in the commercial vehicle parts industry. The company, which has three directors and two owners, boasts a solid 4.0-star Google rating based on eight reviews. Truckwise is a regular importer, primarily of vehicles, parts, and accessories—though its last import operation was back in February 2019.

The company’s website paints a picture of a specialist supplier, offering remanufactured commercial vehicle brake calipers and a wide range of parts including flywheels, turbochargers, and suspension components. It caters to a broad range of truck and trailer applications, stocking parts for major brands like Meritor, Wabco, and Knorr-Bremse. The site also highlights services like flywheel reconditioning and even disaster recovery for damaged pianos—a surprising diversification!

Financially, Truckwise’s recent performance shows some concerning trends. While current assets increased slightly to £520,000, net assets have fallen by 17% to £81,000. Bank borrowings have decreased significantly by 68% to £34,000, and cash reserves have dropped 30% to £1800. Creditors have risen by 21%, suggesting the company is relying more on credit from suppliers. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

Overall, Truckwise (uk) Limited appears to be navigating a challenging period. While its niche market and established reputation offer some stability, the declining equity and reliance on credit raise questions about its long-term financial health.

Registered in England/Wales under the registration number 05021139, with a registered address at WV14 8RP, Perry Street, Bilston, Unit 11 Perry Street, Industrial Estate.

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