Vic Young (south Shields) Limited

Vic Young South Shields Ltd, a family business operating from Tyne & Wear, UK, has been a fixture in the automotive sector for 36 years. The company, currently active, boasts a solid foundation with £7,187,018 in assets, 68 employees, and a real address, and is managed by three directors and two owners. A remarkable 5.0 Google rating from 527 reviews speaks volumes about their customer service. They’re irregular importers, mainly bringing in vehicles, parts, and accessories – their last import was a month ago in June 2023.

The company’s website paints a picture of a full-service automotive provider. They sell used cars, offer fleet and contract hire options, provide van and car rentals, and have a comprehensive service centre for Nissan and MG vehicles. They even offer wheelchair-accessible vehicles and conversions. The site is well-designed, with clear navigation and a focus on customer convenience, including online valuations and a dedicated Motability specialist. It’s clear they’re aiming to be a one-stop shop for all automotive needs.

Financially, Vic Young South Shields Ltd presents a mixed picture. While current assets increased by 9.3% to £7,200,000, net assets remained relatively flat at £8,400,000. Bank borrowings increased by 33%, reaching £2,800,000, and creditors also rose, suggesting increased reliance on short-term financing. However, staff costs increased by 5.4% to £2,000,000, which could be a sign of growth. The company is classified as large, having met two of three criteria for size: turnover exceeding £36 million, balance sheet total exceeding £18 million, and more than 250 employees. The accounts are audited by Charlton & Co, and the report was signed in November 2024.

The sharp increase in bank borrowings and creditors, alongside the relatively stable net assets, suggests the company may be investing in growth or managing cash flow challenges. It’s possible they are expanding their inventory or fleet to meet demand, or perhaps facing increased competition. The company's size and family ownership, combined with their strong Google rating, position them well to navigate these challenges.

Registered in England/Wales under the registration number 02270866, with a registered address at NE34 9QE, Tyne & Wear, Newcastle Road, South Shields.

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