Wilsons Auctions Limited

Wilsons Auctions Ltd from Newtownabbey UK is a holding company with an active status, established 48 years ago in 1977. The company employs 224 people and holds assets valued at £32,812,942. It’s managed by nine directors and has one owner, with a real address registered at BT36 4PP, Northern Ireland. Regularly exporting vehicles, parts, and accessories (excluding trains and trams) for the past three months, Wilsons Auctions operates as a key player in the auction industry.

The company’s website reveals a multifaceted business model. It's primarily an auction house, offering a wide range of vehicles, from standard cars to luxury items like yachts and watches. They facilitate both physical and online auctions, catering to a broad customer base. Wilsons Auctions also provides asset recovery services, working with clients to maximize revenue from seized assets. They even offer specialized auctions, such as catering equipment clearances and luxury goods sales. The site prominently features upcoming auctions and provides detailed information on bidding platforms, demonstrating a commitment to accessibility and transparency.

Financially, Wilsons Auctions Ltd shows a mixed picture. While average employee numbers have increased significantly by 27%, from 220 to 270, accrued liabilities have risen by 48%, reaching £1.3 million. The company’s cash reserves have seen a substantial increase, rising to £5.5 million. Bank borrowings have been reduced to zero, a positive sign of financial stability. However, the company’s net assets have decreased by 15%, suggesting potential challenges in maintaining equity. The auditors, GMcG LISBURN, have signed off on the accounts.

Overall, Wilsons Auctions Ltd appears to be a well-established, dynamic company navigating a competitive market. The increase in employees and strong cash position indicate growth, while the rise in liabilities and decrease in net assets warrant close monitoring. The company's diverse auction offerings and commitment to both physical and online platforms position it well for continued success.

Registered in Northern Ireland under the registration number NI011967, with a registered address at BT36 4PP, Northern Ireland, Newtownabbey, 22 Wilsons Auctions, Mallusk Road.

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