Universal Auctions Ltd

Universal Auctions Ltd, based in Ashton Under Lyne, UK, is a small, active company founded two years ago. It holds £23,689 in assets and operates from a real address, managed by three directors and three owners. The company specializes in retail sales via mail order and internet, offering a range of auctions for vehicles, machinery, and industrial equipment. Its website highlights a multi-platform auction system, encompassing BidSpotter, iBidder, and UAG Direct, catering to both personal and commercial needs. They also provide export auctions with VAT-friendly options.

The company's website details various auction types, including vehicle auctions, heavy plant and machinery auctions, liquidation and insolvency auctions, industrial auctions, online auctions, and export auctions. They emphasize customer-centric services, an experienced team, and a blend of local market knowledge and global reach. Testimonials from TechnoGear Solutions, EcoBuild Ventures, Rivera Construction, and Global Trade Supplies praise Universal Auctions Group's professionalism, expertise, and ability to maximize asset returns. They even offer a free 30-day trial of their pricing plans.

Financially, Universal Auctions Ltd presents a mixed picture. While the company is small, meeting two of three conditions (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its net assets currently sit at a negative £3,000. Cash reserves are minimal at just £670, and bank borrowings are £23,000. Creditors remain steady at £27,000, and trade debtors are £18,000. The lack of employees (zero reported) suggests a lean operation. With no auditor mentioned, the financial statements are unaudited. The negative equity and low cash reserves suggest the company is burning through money, though it’s likely a common challenge for a young business.

Registered in England/Wales under the registration number 14424727, with a registered address at OL7 0PZ, United Kingdom, Ashton Under Lyne, The Old Dairy Unit 3, Hill Street.

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