Viking Motorsport Limited

Viking Motorsport Limited, based in Newtown, UK, is a small, active company founded 16 years ago. With seven employees and £1,127,240 in assets, it's a modest operation led by three directors and two owners. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 45 months of import activity and 88 months of export activity recorded.

The company operates in the manufacture of motor vehicles industries. Its website is non-existent, suggesting a focus on business-to-business sales rather than direct consumer interaction. It’s likely that Viking Motorsport Limited functions as a wholesale supplier or distributor, connecting manufacturers with retailers or repair shops.

Financially, Viking Motorsport Limited presents a mixed picture. Cash bank on hand has decreased by 37%, falling to £87,000, while creditors have remained steady at £360,000. Current assets have remained constant at £1,100,000, and net assets have increased by 4.9% to £870,000. Debtors have seen a significant drop, decreasing by 38% to £110,000, which could indicate improved collection efforts or a shift in credit terms. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in cash reserves warrants attention. No auditor is mentioned, consistent with its status as a small, exempt company.

The trends suggest that Viking Motorsport Limited is managing its debts well, but the decrease in cash reserves and the drop in debtors could be a cause for concern. It’s possible that the company is experiencing slower payments from customers or increased operating expenses. The lack of a website and the focus on B2B sales indicate a more traditional business model, potentially less susceptible to online competition but also less visible to potential customers.

Registered in England/Wales under the registration number 06602667, with a registered address at SY16 4LE, Wales, Newtown, Powys, 44 Mochdre Industrial Estate.

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