Vp Autos Ltd

Vp Autos Ltd, based in Hemel Hempstead, UK, is a small, active company founded fifteen years ago in 2010. Employing thirteen people and boasting £767,419 in assets, it operates from a real address and is led by a single director and owner—a solo founder. The business runs an e-commerce site and specializes in the sale of new cars and light motor vehicles, along with maintenance and repair services. It’s also an irregular importer of machinery, boilers, and mechanical appliances, with parts imported for one month, the last operation occurring in June 2024.

The company's website clearly showcases its services: car servicing, MOT testing, tyre sales and fitting, and a range of repair options. It’s a comprehensive offering, with a user-friendly online platform allowing customers to find tyres based on vehicle registration and even book appointments. The site also features a blog with helpful advice and promotions, highlighting the company's expertise and building customer trust. Reviews are prominently displayed, boasting an average rating of 4.7 stars, with customers praising the service and expertise.

Financially, Vp Autos Ltd presents a mixed picture. Creditors increased by 47%, reaching £270,000, while bank borrowings surged by a significant 2,400%, reaching £29,000—a substantial jump. Cash reserves, however, decreased by 140%, falling to £650,000. Net assets grew by 54%, reaching £600,000, and trade debtors decreased by 40%, suggesting improved collection of payments. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the rise in bank borrowings warrants attention. The unaudited financial statements, with no auditor mentioned, rely on the director’s reporting.

Overall, Vp Autos Ltd appears to be a well-established local business with a strong online presence. While the increase in debt is a concern, the company’s positive customer reviews and comprehensive service offerings suggest a solid foundation for future growth.

Registered in England/Wales under the registration number 07209101, with a registered address at HP1 2RE, Hemel Hempstead, Hertfordshire, 559 London Road, Boxmoor.

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