Ultimotive Limited

Ultimotive Ltd from Colchester, UK, is a small holding company with an active status, established 21 years ago. Employing 10 people, the company holds assets totaling £2,191,502, though its registered address is likely virtual, as 101 companies share the same location. Two directors and one owner manage the business, which maintains a respectable Google rating of 4.0 based on three reviews. Ultimotive regularly imports textile products, sets, used clothing, and rags (16 months), and exports soaps, cleaning products, and waxes (146 months).

The company operates in the retail trade of motor vehicle parts and accessories, and is a specialist in private label car care products. It's a global exporter, distributing its brands to countries like Australia, Qatar, Oman, and Malaysia. Ultimotive is particularly known for its long-standing partnership with Williams Racing, manufacturing paint protection products under license. The company also boasts a showroom in Harrods, London, and is a global exporter.

Financially, Ultimotive Ltd presents a mixed picture. While fixed assets decreased by 10%, intangible assets saw a significant drop of 45%. Bank borrowings remained stable, but cash reserves declined by 2.7%. Creditors decreased by 18%, suggesting improved debt management. Net assets, however, increased by 32%, which is a positive sign. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

The company’s growth in exports, especially to the Middle East, is encouraging, but the decrease in intangible assets could indicate a shift in strategy or a write-down of assets. It’s clear Ultimotive is a resilient business, navigating a competitive market with a focus on licensing agreements and global distribution.

Registered in England/Wales under the registration number 04917626, with a registered address at CO4 9YQ, England, Colchester, Essex, 820 The Crescent, Colchester Business Park.

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