D-sky Ltd

D-SKY LTD, based in Sale, UK, is a dynamic company specializing in sim card and phone accessories distribution. Founded in 2023, it employs twelve people and holds £110,000 in assets. With a real registered address and a single director, Kehinde Olusegun Onasanya, at the helm, the company is clearly ambitious, aiming to become a major market leader across the UK. Their website, dsky.co.uk, showcases a range of products including chargers, adaptors, and audio equipment, alongside a newsletter signup and referral program.

The website functions as an e-commerce platform, allowing customers to purchase products directly. It offers a variety of payment options including COD, bank transfer, PayPal, and commission, and emphasizes easy returns and helpful customer support. A referral program encourages customers to spread the word, and testimonials from established retailers like Pound store ltd and BP Petrol Station highlight the quality and competitiveness of DSKY products. The site also features a "Become a Partner" section, suggesting a focus on wholesale distribution alongside direct sales.

Financially, D-SKY LTD presents a mixed picture. While net assets increased by a healthy 6%, to £110,000, and current assets grew by 39% to £200,000, there are some concerning trends. Bank borrowings have surged by a staggering 280%, reaching £75,000, and cash reserves have improved dramatically, jumping from a negative £22,000 to £38,000. Creditors also increased significantly, rising by 94% to £35,000. The company’s retained earnings have increased by 47%, which is good, but the substantial rise in bank borrowings suggests it’s relying more on external funding. Trade debtors have decreased slightly, which could indicate better collection practices. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, D-SKY LTD seems to be experiencing rapid growth, but this is accompanied by increased debt. The company’s focus on wholesale distribution and a strong online presence suggest it’s well-positioned for future success, but managing its finances will be crucial. It's a bit worrying that the company is burning through cash, but the increase in assets is a positive sign.

Registered in England/Wales under the registration number 11852991, with a registered address at M33 2LA, United Kingdom, Sale, 10 Pimmcroft Way.

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