Universal Parts Uk Limited

Universal Parts Uk Limited, based in London, is a small, active company established six years ago. With a single employee and £159,848 in assets, it operates as a solo-founded e-commerce site boasting a respectable 4.0 Google rating from 52 reviews. The company regularly imports vehicles, parts, and accessories—a trend observed over the past three months, with the latest import occurring in April 2024. It's a real address, with four other companies registered at the same location.

The company’s website, Universal Components UK Ltd, showcases a wide range of truck and trailer parts, catering to various brands like Cummins, DAF, Iveco, and more. It offers a comprehensive catalogue, brands, and vehicle categories, with a simple search function and advanced options. The site also includes a clearance section, trending products, and a blog with industry-related content. It even offers a third-party delivery option for UK customers.

Financially, Universal Parts Uk Limited exhibits some concerning trends. Accumulated depreciation impairment for property, plant, and equipment increased by 21%, while bank borrowings surged by 100% in both current and non-financial instruments. Cash bank on hand, however, improved significantly, rising by 180%. Creditors also increased by 64%, and current assets grew by 67%. Despite this, net assets declined by 180%, indicating potential equity erosion. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the drop in equity warrants attention. The lack of an auditor mentioned suggests it’s exempt as a small company, relying on unaudited accounts.

Overall, Universal Parts Uk Limited appears to be a growing e-commerce business facing some financial headwinds. The company's focus on truck and trailer parts, combined with its online presence, positions it well in the market—but managing its equity and debt will be crucial for its long-term success.

Registered in England/Wales under the registration number 11563387, with a registered address at E7 8NW, England, London, 384 Katherine Road.

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