D & H Direct Limited

D & H Direct Limited, based in King's Lynn, UK, is a small, holding company with an active status. Founded nine years ago in December 2015, it employs twelve people and holds assets totaling £1,231,551. The company operates from a real address and is managed by one director and one owner. It regularly imports plastics and plastic products, with nineteen months of import activity recorded, and occasionally exports optical and medical tools and devices, with two months of export activity.

The company specializes in providing payroll services, particularly for Direct Payments and Personal Health Budgets across the UK. Its website highlights expertise in managing PAYE schemes, auto-enrolment pensions, and providing online payslips. It also offers a managed account facility for payments, ensuring client contributions are handled efficiently. The business seems to target local authorities and organizations involved in social care and support services.

Financially, D & H Direct Limited’s performance presents a mixed picture. Current assets decreased by 4.8% to £1,200,000, while net assets increased by 48% to £440,000. Bank borrowings have decreased by 100% to zero, and cash reserves have fallen by 71% to £100,000. Creditors decreased by 38% to £360,000, suggesting improved debt management. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the drop in cash reserves is something to watch. The company is exempt from an audit, so the figures are unaudited.

The company’s increased net assets, despite the decrease in cash reserves, suggests that the company is growing, but it is important to monitor the cash position closely. The decrease in bank borrowings is a positive sign, indicating reduced reliance on external financing.

Registered in England/Wales under the registration number 09922990, with a registered address at PE33 0BD, England, King's Lynn, Deerfields Lynn Road, Setchey.

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