W R Car Sales Limited

W R Car Sales Limited, based in Bradford, UK, is a small, active company founded eight years ago. With four employees and £973,575 in assets, it operates from a virtual address shared by ninety-eight other companies, a detail that raises some questions. The company is led by one director and owner, Razak Wajid, and enjoys a stellar 5.0 Google rating based on 197 reviews. It’s a regular importer of vehicles, parts, and accessories (excluding trains and trams), having imported for 28 months, with the latest import recorded in November 2024.

The company’s core business revolves around the sale of used cars and light motor vehicles, operating within a competitive market. While no website is available to analyze, the company's Google rating suggests a focus on customer satisfaction and a reputation for quality service.

Financially, W R Car Sales Limited presents a mixed picture. Current assets have increased slightly to £970,000, but net assets have decreased by 8.6% to £70,000. Bank borrowings have decreased by 15%, and cash reserves have increased significantly by 77% to £430,000. Creditors have increased by 9.1% to £910,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The decrease in trade debtors by 78% is notable, possibly reflecting improved collection practices, but the increase in creditors should be monitored. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

Despite the fluctuating numbers, W R Car Sales Limited appears to be managing its finances reasonably well, with a substantial increase in cash reserves providing a buffer. However, the high level of creditors warrants careful attention to ensure timely payments and maintain a healthy cash flow.

Registered in England/Wales under the registration number 10396282, with a registered address at BD1 3RG, United Kingdom, Bradford, 46 Houghton Place.

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