Victoria Autos Limited

Victoria Autos Limited, based in Romford, UK, is a small, active company founded ten years ago in 2014. It’s a solo-founded operation with one director and owner, Rizwan Muhammad, and employs a single person. The company operates an e-commerce site and regularly imports vehicles, parts, and accessories—a trend continuing with activity recorded as recently as May 2024. It also has a real address with four other companies registered there.

The company’s website showcases a range of vehicles for sale, offering a search function with detailed filters for make, model, year, mileage, and price. It also features accessories and a blog with updates. The site emphasizes a "best service you deserve" and promotes limited-time offers. It’s clear that Victoria Autos is focused on online sales and attracting customers with a wide selection and competitive pricing.

Financially, Victoria Autos Limited presents a mixed picture. Cash bank on hand has dramatically increased by 1200%, reaching £11,000, a positive sign. However, net assets have declined by 10% to -£180,000, and net current liabilities have risen by 27% to -£160,000. Bank borrowings have decreased by 14% to £36,000, and creditors have increased by 34% to £170,000. Property, plant, and equipment (specifically motor vehicles) have increased by 230%, indicating investment in inventory. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, relying on unaudited accounts.

The increase in cash is encouraging, but the negative equity and rising liabilities suggest the company is burning through cash to fuel growth. Perhaps the increased investment in motor vehicles is contributing to this trend. It’s also worth noting that the company’s loans from directors have increased significantly by 38%, which could be a sign of personal investment to support operations.

Registered in England/Wales under the registration number 09318226, with a registered address at RM3 7GJ, England, Romford, 5 Lowewood Road.

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