Wheelwright Limited

Wheelwright Ltd from Gillingham UK: small company, holding company, active status, founded 40 years ago, 14 employees, £5,990,447 assets, real address, 3 directors, 1 owner. Regular importer of vehicles, parts, and accessories (not for trains or trams) (112 months imported). Regular exporter of vehicles, parts, and accessories (not for trains or trams) (14 months exported).

Wheelwright Ltd operates as a wholesale distributor of alloy wheels, steel wheels, tyres, and related automotive accessories. The company's website showcases a wide range of products from brands like Calibre, DRC, Tomahawk, AEZ, and Dotz, catering to both retail and trade customers. They also offer wheel tyre packages and suspension components, alongside TPMS (Tyre Pressure Monitoring System) sensors and related services. A key feature is their focus on vehicle-specific fitment, allowing customers to search for wheels compatible with their car model. The company also runs a separate venture, 1066 Pianos, specializing in high-end piano restoration, a testament to the company's diverse interests.

Financially, Wheelwright Ltd presents a mixed picture. While current assets remain relatively stable at £6 million, a significant drop in net assets – down 10% to £2.9 million – indicates a decrease in equity. Bank borrowings have also decreased, falling 15% to £1.2 million, suggesting a reduction in debt. Interestingly, cash reserves have also declined by 9%, dropping to £870,000. Creditors have also seen a substantial decrease, falling 22%, which could reflect improved payment terms or more efficient cash flow management. The company’s small size, meeting two of three criteria for a small company, helps it remain agile. The unaudited financial statements, overseen by Cooper Parry Group Limited, don’t offer a complete picture, but the trends suggest a company navigating a competitive market. The decrease in net assets, however, warrants further investigation.

Registered in England/Wales under the registration number 01875797, with a registered address at ME7 2RT, Gillingham, Kent, Steelfields Gads Hill, Owens Way.

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