Unit 20 Ltd

Unit 20 Ltd, based in London, UK, is a small, active company founded six years ago in 2019. Employing ten people, the company holds £458,410 in assets and operates from a real address. With three directors and two owners, it's a relatively compact operation. Unit 20 Ltd regularly imports clothing and accessories made by knitting or crocheting, with 52 months of import activity recorded, and exports clothing and accessories (not knitted or crocheted) for 100 months.

The company’s website reveals a different focus: specialist servicing and tuning for Audi and Volkswagen vehicles. Operating as “VAG Specialists,” Unit 20 Ltd offers a wide range of services, from diagnostics and tuning to engine repairs and performance upgrades. They cater to high-performance models like Audi RS4, RS5, and RS6, emphasizing expertise and genuine VAG parts. The website also lists a physical location in Neston, Cheshire, and provides contact information, including a phone number. It’s clear the company is a far cry from the knitting and crocheting imports suggested by its import history.

Financially, Unit 20 Ltd shows a mixed picture. Current assets have decreased significantly by 59%, dropping to £460,000. Bank cash has plummeted 71%, leaving just £85,000. Trade debtors have also fallen dramatically, dropping 75% to £190,000. However, creditors have also decreased by 55%, to £520,000, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the sharp decline in cash reserves raises concerns. The number of employees has increased by 20%, to twelve, which may be contributing to the decrease in cash. As a small company, it's likely exempt from an audit, so the financial statements are unaudited.

Overall, Unit 20 Ltd appears to be navigating a period of financial adjustment, transitioning from its import business to a more focused automotive service operation. While the automotive side seems to be thriving, the company needs to manage its cash flow carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 11828628, with a registered address at SE15 1TR, United Kingdom, London, Unit 20 Penarth Centre, Penarth Street.

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