S.M.S. GARAGES LIMITED
Company number 03124707 · Monitor this company
Executive summary
S.M.S. Garages operated as a property-rich but operationally challenged independent garage and bodyshop in the competitive South Wales motor repair market. While its freehold asset base of over £614,000 placed it above typical independents in balance sheet terms, the underlying trading performance was in secular decline, with P&L reserves eroding by nearly £42,000 in the final reported year and net current liabilities widening to £90,701. The combination of insurer-driven margin compression, high debtor exposure, and inadequate working capital ultimately proved fatal, with the company entering liquidation and dissolving in 2017 — a trajectory consistent with the broader pattern of independent garage attrition during this period.
Shareholders' funds
£528,595
Balance sheet as at 2013-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 1995-11-10
- Dissolved
- 2017-12-13
- Registered office
- 5 & 6 WATERSIDE COURT, ALBANY STREET, NEWPORT, SOUTH WALES, NP20 5NT
- Postcode
- NP20 5NT
- Capital
- 52,100 GBP
- Accounts category
- TOTAL EXEMPTION SMALL
Accounts
- Last made up to
- 2013-12-31
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2013-11-10
Nature of business (SIC)
- 45200 Maintenance and repair of motor vehicles
Officers 3 current · 2 resigned
Previous registered addresses 1
| Address | Changed on |
|---|---|
| SMS HOUSE, CURRAN ROAD, CARDIFF, CF10 5DF | 2014-11-14 |
The class of 1995
45%
of the 34,000 companies incorporated in 1995 are still active today; 52% have since been dissolved.
A fact about the year, not a forecast for this company.