V Engineering Limited

V Engineering Limited, based in Thatcham, UK, is a small, active company founded four years ago. With three employees and £344,201 in assets, it operates from a real address and is overseen by two directors and one owner. The company is an irregular importer of electrical machinery and equipment, with just two months of import activity recorded, and a regular exporter of vehicles, parts, and accessories – a sector it’s been involved in for four months.

The business is primarily focused on high-end McLaren vehicle engineering, offering servicing, inspections, appraisals, and even restoration work. Its website details a comprehensive range of services, from annual servicing and diagnostics to complete engine rebuilds, and highlights a team with extensive experience gained at McLaren Automotive. Beyond engineering, V Engineering operates sister companies V Management (storage, detailing, transport) and V Events (track days and tours), showcasing a diverse range of associated services.

Financially, V Engineering Limited presents a mixed picture. While cash reserves have skyrocketed by an impressive 2,000% to £230,000, net assets have decreased by 20% to -£430,000. Creditors have also increased significantly by 15%, reaching £160,000, while debtors remain stable. The number of employees has risen to five, a 67% increase, suggesting growth in operations. The company meets the criteria for a small business, with turnover less than £10.2 million and assets under £5.1 million. As a small company, it is exempt from an audit, so the figures are unaudited.

The surge in cash reserves is a positive sign, but the decrease in net assets and increase in creditors indicates that the company may be burning through money to fuel its growth. The increase in employees suggests expanding operations, but whether it can sustain this growth remains to be seen.

Registered in England/Wales under the registration number 13298139, with a registered address at RG19 4JZ, England, Thatcham, Unit 1 Transigo, Gables Way.

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