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Used car dealer companies in the Medway area

290 used car dealer companies have a registered office in the Medway area (ME postcodes), and 86 of them were formed in 2025 or 2026. In their latest accounts, the typical one held £12,949 in cash and owed £41,611 at year end.

Companies House register, 1 September 2026, and accounts filed in the last twelve months. Compared with the official category “Sale of used cars and light motor vehicles” (SIC 45112). Covers companies with a registered office in ME postcodes, including Medway, Maidstone, Chatham, Rochester, Gillingham.

The numbers

Used car dealer companies in the Medway area (ME postcodes) compared with the same category across the UK. Typical figures are medians.
MeasureMedwayUK
Registered companies29037,612
Formed in 2025 or 202686 (30%)30%
Being struck off or in liquidation41 (14%)14%
Typical cash at year end£12,94962 accounts£18,268
Typical amount owed at year end£41,611125 accounts£38,899
Typical number of employees1131 accounts1

What this means if you’re starting one

More of these companies are closing than in most trades

12% of used car dealer companies in the Medway area (ME postcodes) are currently being struck off, against 7% of all companies there. Nationally that rate is higher than 92% of UK industries.

Closures run high here. It is a churn signal, not a survival rate, but it means the common failure points are worth learning before you start.

Cash is tight in this trade

At year end the typical used car dealer company in the Medway area (ME postcodes) holds £12,949 in cash and owes £41,611; that cash figure is lower than 66% of UK industries.

Typical operators end the year holding less cash than they owe, so there is little slack if takings dip or a big bill lands early.

Most of your competition will be other newcomers

30% of the 290 used car dealer companies in the Medway area (ME postcodes) were formed in 2025–26, against 20% of all companies in the Medway area (ME postcodes). Nationally, that share of new companies is higher than 89% of UK industries.

New rivals are arriving faster than in most trades, so your customers already have fresh options. Being new is not a difference on its own.

Planning a business like this in Medway?

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What these figures can’t tell you

Companies are counted where their registered office is, which may be an accountant or a home address rather than a shop. Sole traders and partnerships are not on the register, and electronically filed accounts cover roughly 60–75% of accounts filed each year. The figures describe companies that exist; they cannot prove demand for your idea or predict whether it will work. How the figures are built.

Used car dealer in other places

Other businesses in Medway

All business benchmarks in Medway