Daco Solutions Limited

Daco Solutions Ltd from East Yorkshire UK: a small, holding company with an active status, was founded 24 years ago. The company employs 12 people and holds £745,931 in assets, managed by three directors and a single owner. It’s a regular importer of machinery, boilers, and mechanical appliances, parts—with 7 months of import activity—and a regular exporter of the same, boasting 63 months of export activity.

The company’s website reveals a diverse range of label converting equipment, including rotary die cutters, turret rewinders, inspection slitter rewinders, and flexographic label presses. It caters to the narrow web label printing and converting industry, offering both standard machinery and bespoke solutions. The website also highlights digital label print finishing options, embellishment capabilities, and sheeting machinery. Daco Solutions manufactures equipment for short to medium production runs and fully automated turret rewinding for long runs.

Financially, Daco Solutions Ltd shows some concerning trends. Current assets have decreased by 38% to £750,000, while net assets have fallen 31% to £430,000. Bank borrowings have increased, and cash reserves have dropped by 50% to £160,000. Creditors have also decreased by 39%, which could indicate 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 agility, but the significant drop in equity raises questions. The accounts are unaudited, likely due to the company’s small size, and no auditor is mentioned.

The business seems to be facing some financial pressures, although it’s possible these are temporary fluctuations. It's unclear if the company is burning through money, but the decrease in cash reserves is something to watch.

Registered in England/Wales under the registration number 04140823, with a registered address at HU17 0JW, East Yorkshire, Unit 2 Oldbeck Road, Beverley.

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