Vertex Cars Ltd

Vertex Cars Ltd, based in Slough, UK, is a small, active company founded six years ago in December 2018. With four employees and £123,862 in assets, it operates from a real address and is led by one director and one owner. The company is an irregular importer, primarily dealing in vehicles, parts, and accessories (excluding trains and trams), with its last import activity occurring just one month ago.

The company's website, Vorase Motors, presents itself as a used car dealership and service provider in Buckinghamshire. It encourages customers to visit its showroom in Langley, Slough, offering a “no-pressure browsing experience” and a range of finance options. The site highlights competitive prices, part exchange opportunities, and warranties, aiming to provide a relaxed and enjoyable car-buying experience. It also mentions a connection to Homevy Ltd, suggesting a broader automotive group.

Financially, Vertex Cars Ltd appears to be facing some challenges. Current assets have decreased by 33% to £120,000, while net assets have fallen by 3.0% to £260,000. Cash bank on hand has experienced a significant drop of 70%, dwindling to just £5,800. Creditors have increased by 5.6%, reaching £420,000, and net current assets have worsened by 39%, sitting at -£300,000. While the company’s small size (meeting two of three criteria for a small company) allows for agility, the decline in cash reserves and increase in creditors suggest a need for careful financial management. The lack of an auditor mentioned, as is typical for small companies, means the figures are unaudited. It’s clear the company is working hard to maintain its position in the used car market, but the financial data indicates a need to watch expenses closely.

Registered in England/Wales under the registration number 11736010, with a registered address at SL3 6EZ, England, Slough, Unit 5 Waterside Drive, Langley.

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