Worthing Motors Limited

Worthing Motors Ltd is a small, active company with a long history, having been founded 83 years ago in 1942. Based in London, the family business employs 31 people and holds assets valued at £2,527,600. It’s a real address, managed by six directors and two owners, and maintains a respectable 4.0-star Google rating from 206 reviews. The company primarily imports electrical machinery and equipment, though at an irregular pace, with the last import recorded over a year ago. Worthing Motors operates as a Citroen dealer, selling both new and used cars and vans.

The company’s website showcases a wide selection of new and used Citroen vehicles, including popular models like the Berlingo and C5 Aircross. Customers can search for vehicles based on various criteria, such as price, mileage, and fuel type. The site also features a service and parts section, allowing customers to book appointments and purchase genuine Citroen parts. It's clearly focused on e-commerce, offering a comprehensive online shopping experience for Citroen enthusiasts.

Looking at the financial data, Worthing Motors Ltd shows some interesting trends. Cash reserves have increased significantly, rising 130% to £29,000, which is good news. However, trade debtors have also jumped by 100%, reaching £400,000, suggesting customers are taking longer to pay. Creditors have increased by 11%, to £870,000, and net assets have risen by 13% to £780,000. The company’s small size (meeting two of three conditions for being a small company) helps it remain agile, but the increase in debtors could be a cause for concern. There’s no mention of an auditor, which is common for small, exempt companies. The increase in debtors may be a result of the company expanding its credit terms to attract more customers, or it could indicate challenges in collecting payments. The increase in cash reserves suggests the company is managing its finances well, despite these challenges.

Registered in England/Wales under the registration number 00372181, with a registered address at SW1V 4PS, 83 Cambridge St, London.

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