Whifbitz Ltd

Whifbitz Ltd is a small, active company from Caldicot, UK, founded ten years ago in 2015. With four employees and £1,346,189 in assets, it operates from a real address and is managed by two directors and one owner. The company is a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), with 149 months of import activity and 189 months of export activity recorded.

The company’s website, garage-whifbitz.co.uk, showcases a business specializing in performance modifications and servicing for Toyota and BMW vehicles, alongside other makes like Mazda, Nissan, and Subaru. It’s clear they're targeting enthusiasts, offering everything from ZF 8-speed DCT conversion parts to carbon fibre bodywork and dyno tuning services. The site functions as an e-commerce platform, allowing customers to browse and purchase parts online, and it also highlights custom builds and features in automotive magazines.

Financially, Whifbitz Ltd’s report shows some concerning trends. While cash reserves increased by a healthy 34% to £420,000, indicating improved liquidity, there are some red flags. Accumulated depreciation for plant machinery increased significantly by 22%, suggesting the company is investing in equipment but also facing increased wear and tear. Bank borrowings have surged by a massive 1400%, reaching £1,600, which could be a sign of increased operating costs or investment in inventory. Debtors have turned negative, showing a -160% change, which is unusual and could indicate difficulties in collecting payments. It's worth noting that 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 exempt from an audit, so the figures are unaudited.

The company’s focus on high-performance vehicle modifications and its online presence suggest a niche market strategy. However, the increasing debt and negative debtors need to be monitored closely, as they could pose a challenge to the company’s long-term financial health.

Registered in England/Wales under the registration number 09384779, with a registered address at NP26 5PT, Wales, Caldicot, 16b Norman Way, Portskewett.

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