Better Performance Ltd

Reference number: 751404

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When betterperformance.co.uk first appeared online, and whether it can receive email
  • What kind of line 07723 530880 is
  • Who else gives the postcode CF11 8TW
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Other names (1)

If you were contacted under any of these names, it is this firm.

  • Better Value Cars Ltd. Former name

FCA permissions and consumer protection

  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (3 permissions)
  • Credit Broking
  • Debt Adjusting
  • Debt-counselling

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
09579454
Company status
Active
Company type
Private limited company
Incorporated
7 May 2015 (11 years old)
Registered office
Marriott House, Penarth Road, Cardiff, CF11 8TT, Wales
Nature of business
  • Sale of used cars and light motor vehicles (SIC 45112)

Directors and company secretaries

Name Role Born Appointed Other companies
Lewis Jonathan Reed Director Feb 1991 7 May 2015 1 other company

Other companies run by its director

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other company
1
still active
1

In the full report: all 1 company, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • Any that went into liquidation or administration
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Filed accounts and finances

Year to 30 June 2024Full accountsNot audited

Net assets

£613k

+118% from £281k

Cash at bank

£47.2k

No earlier figure to compare

Employees (average)

6

Same as 6

Owed within a year

£2.29m

+222% from £710k

Assets and liabilities

In the full report: all 5 years of accounts

  • Every year from 2019 to 2024
  • The chart, over every year
  • Every filed figure, year by year
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About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

Accounts filed at Companies House for company 09579454. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Better Performance’s history from the FCA register and Companies House, newest first.

Key events (5) All events (9)

2020

11 December 2020

  • Changed its registered name from "Better Value Cars Ltd."

FCA register

2016

14 July 2016

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

6 April 2016

  • Lewis Reed took control (75–100% of shares)

Companies House

2015

7 May 2015

  • Incorporated at Companies House

Companies House

In the full report: all 9 events

  • All 9 events in its history (5 shown here)
  • Every director appointment and resignation: 1
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Firms connected to Better Performance

Other FCA-listed firms that share a director, phone number or address with Better Performance. A link shows who the firm is tied to, not whether either can be trusted.

connected firms
2
share its postcode
2

In the full report: all 2 connected firms, named

  • How each is linked: the same postcode (2)
  • Who links each one: the named directors, with dates
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Firms like Better Performance

Other firms of the same type (car dealer), nearest first.

In Cardiff

A Z I Motors LtdCardiffAuthorisedA1 Motorcare LimitedCardiffAuthorisedAA Cars Cardiff LtdCardiffAuthorisedAbove Beyond Automotive LimitedCardiffAuthorisedAdaptive Vehicle Solutions LimitedCardiffAuthorisedAsk Motor Company LimitedCardiffAuthorised

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Better Performance

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 1 other company its directors have run, named
  • 3 background checks on its contact details
  • 5 years of accounts, charted
  • All 9 events in its history
  • 2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Better Performance Ltd FCA authorised?
Yes, Better Performance Ltd (FRN 751404) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since July 2016 and works as a car dealer. The FCA has placed no limits on its permissions.
What is Better Performance’s phone number and website?
The FCA register lists the phone number 07723 530880 and the website betterperformance.co.uk for Better Performance. If you were given different contact details, use these to check with the firm before going any further.
Is Better Performance a scam or clone?
Better Performance is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Better Performance?
Its FCA permissions do not allow it to hold or control client money. Protection depends on which product you hold and how Better Performance handles your money, so check the specific product before you commit. You can also refer complaints about Better Performance to the Financial Ombudsman Service, free of charge.
Who owns Better Performance?
Companies House lists one person with significant control of Better Performance: Mr Lewis Reed (75–100% of shares).
Who runs Better Performance?
Companies House lists one director of Better Performance: Lewis Jonathan Reed.
How long has Better Performance been in business?
The company was formed on 7 May 2015, and has held its current FCA authorisation since July 2016.
What do Better Performance’s latest accounts show?
Its latest accounts, to 30 June 2024, show net assets of £613k (+118% from £281k) and cash at bank of £47.2k (no earlier figure to compare).
Does Better Performance use any other names?
It has previously used the name Better Value Cars Ltd..

Sources and links

The full report on Better Performance Ltd

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