Vitesse Limited

Vitesse Global Ltd, based in Swanley, UK, is a small, active company established 25 years ago. With 48 employees and £1,942,199 in assets, it operates from a virtual address, a detail worth noting as fourteen companies share the same location. The business is led by three directors and a solo founder, Mather Charles Patrick. It’s a regular importer, specializing in machinery, boilers, and mechanical appliances, with parts imported for the last 24 months.

The company’s website reveals a niche focus: supplying components and services for classic British cars, particularly those from MG, Triumph, and Morgan. It offers gearbox conversion kits, engine upgrades, and even a speedo calibration service. A significant portion of the site is dedicated to FiTech electronic fuel injection systems, suggesting a move towards modernizing classic car performance. The business also offers storage and race preparation services, catering to enthusiasts and collectors. It even owns a company called Laser Life Limited.

Financially, Vitesse Global Ltd shows a mixed picture. Current assets have fallen by 11%, dropping to £1,900,000, while net assets have decreased by 13%, settling at £1,600,000. Bank borrowings have seen a significant decrease of 20%, reaching £670,000, and cash reserves have vanished entirely, dropping 100% to zero. Creditors have also decreased by 5.5%, suggesting some improvements in managing short-term liabilities. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned is likely due to its small size and exemption from an audit.

The company's financial trends suggest it may be burning through cash, despite its strong niche market and established reputation. While the classic car market is robust, the decrease in cash reserves and the increase in bank borrowings indicate a need to carefully manage expenses.

Registered in England/Wales under the registration number 03873327, with a registered address at BR8 7AG, United Kingdom, Swanley, Kent, Unit 5 White Oak Square, London Road.

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