Cofton Drives Limited

Cofton Drives Limited, based in Birmingham, UK, is a small, active company established sixteen years ago. With two employees and £77,317 in assets, it operates from a real address and is overseen by one director and owner. The company regularly imports electrical machinery and equipment, with recent activity recorded three months ago. It functions within the "other professional, scientific and technical activities n.e.c." industries.

The company’s website is non-existent, so it's difficult to determine if it operates an e-commerce site or offers services directly to customers. Without a website, it’s likely Cofton Drives operates as a business-to-business supplier, perhaps distributing electrical components or providing technical support related to electrical machinery.

Financially, Cofton Drives Limited presents a mixed picture. While cash reserves have seen a significant boost, increasing by 2,100% to £31,000, the company is facing considerable challenges. Creditors have risen by 20% to £230,000, and net losses deepened to -£160,000. The company’s small size (meeting two of three conditions for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) allows for flexibility, but the substantial losses and rising debts are concerning. Trade debtors remain steady at £290, which suggests consistent payment from customers. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Despite the financial strain, the substantial increase in cash reserves suggests a recent influx of funds—perhaps a loan or investment—that could provide a buffer. However, the company will need to manage its debts carefully to avoid burning through this cash quickly.

Registered in England/Wales under the registration number 06864744, with a registered address at B45 8AA, Birmingham, West Midlands, 18 Ashmead Drive, Cofton Hackett.

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