Daewoo International (europe) Ltd.

Daewoo International (Europe) Ltd, based in Leicester, UK, is a small holding company with an active status. Founded 23 years ago in 2001, it holds just £4 in assets and has four directors and one owner. The company regularly imports electrical machinery and equipment, with six months of import activity recorded, the last operation made in August 2023.

The company’s website reveals a diverse range of products, from car care items like The Dorchester range to LED lighting solutions, including high-quality bulbs, panels, and weatherproof strip lights. It also offers practical storage bins and premium LED mirrors. The site clearly targets both retail and wholesale customers, emphasizing innovation and quality. The company describes itself as a “specialised distributor of electrical and non-electrical products” and explicitly states it *doesn't* deal with consumer electronics, SDA, or white goods.

Financially, Daewoo International (Europe) Ltd’s recent performance paints a concerning picture. Current assets have plummeted by a staggering 99.9%, falling from £1.8 million to just £4. Bank cash reserves have vanished completely, dropping from £420,000 to zero. Trade debtors have also disappeared, and creditors have fallen to zero. The company’s equity has also suffered a similar decline. The lack of employees (zero reported) suggests a very lean operation, but the dramatic financial shifts raise questions. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop is a significant red flag. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

In short, Daewoo International (Europe) Ltd appears to be facing serious financial difficulties. While its product range and online presence suggest a viable business, the recent financial data indicates a company burning through money. Whether it can recover remains to be seen.

Registered in England/Wales under the registration number 04265229, with a registered address at LE19 1WH, England, Leicester, Leicestershire, Meridian House Centurion Way, Meridian Business Park.

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