Wingamm Uk Ltd

  • Small
  • Active
  • 4 years
  • 2 employees
  • £670,445 (assets)
  • Real address
  • 1 director
  • 1 owner
  • Regular importer
  • Solo founder

Field of Operation

Sale of other motor vehicles
45190 7330 companies

Website

Social media

Summary

Wingamm UK Ltd is a small, active company founded four years ago in Loans, Ayrshire, UK. It’s a solo-founder operation with one director and two employees, holding assets of £670,445. The company, registered as SC676747, operates in the sale of other motor vehicles and is a regular importer of vehicles, parts, and accessories (not for trains or trams), with five months of import activity recorded as of September 2023.

The company's website is currently unavailable, making it difficult to assess its online presence and e-commerce activities. However, its registration details indicate a focus on motor vehicle sales, suggesting a potential wholesale or dealership model.

Financially, Wingamm UK Ltd shows a mixed picture. While current assets have increased by 110% to £670,000, net assets have decreased by 24% to £120,000. Cash reserves have also fallen by 9.1% to £150,000. Bank borrowings have surged by 200% to £560,000, and trade debtors have increased significantly by 370% to £310,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in equity and rise in debt raise questions about its financial health. The company is exempt from an audit as a small company, so the figures are unaudited.

The increase in debtors suggests potential difficulties in collecting payments, while the rise in creditors indicates increased reliance on short-term financing. The company’s income from related parties remains consistent at £250,000, which may be a source of stability. The company’s financial statements are prepared in compliance with FRS 102, Section 1A.

Registered in Scotland under the registration number SC676747, with a registered address at KA10 7JQ, United Kingdom, Loans, Ayrshire, Crossburn Cottage, 7 Old Loans Road.

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

Owners & PSC

  • 4 years
  • 1
  • 75%+

Managers

Managing director

Last reports

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Last news

  1. Unaudited abridged accounts made up to 2024-12-31
  2. Confirmation statement made on 2024-10-05 with no updates
  3. Micro company accounts made up to 2023-12-31
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