Daf Joinery Ltd

Daf Joinery Ltd from Magherafelt UK is a small, active company founded seven years ago. With four employees and £71,410 in assets, it’s a family business managed by a single director and two owners. The company operates from a real address and is an irregular importer, mainly bringing in machinery, boilers, and mechanical appliance parts – with the last import occurring just a month ago in July 2024. Daf Joinery Ltd works in the construction of commercial buildings.

The company’s website directs visitors to TBF Thompson DAF Trucks Mallusk, a major dealer for DAF trucks. The site is heavily focused on selling and servicing DAF trucks and parts, offering a wide range of services including new and used truck sales, trailer parts, and repair maintenance. It’s clear that Daf Joinery Ltd is a part of this larger network, offering DAF parts and services alongside its own joinery work. The website also has a DAF webshop, allowing customers to purchase parts online 24/7.

Financially, Daf Joinery Ltd shows a mixed picture. Current assets have decreased by 25% to £71,000, while net assets have fallen a significant 63% to -£10,000. Bank borrowings have increased slightly, and cash reserves have decreased by 30%. Trade debtors have increased considerably, suggesting potential issues with customer payments. Despite these challenges, the company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s director remuneration increased by 17%, suggesting a focus on rewarding leadership. As a small company, it's exempt from an audit, so the figures are unaudited.

The decrease in net assets is concerning, but the company’s connection to TBF Thompson DAF Trucks suggests a stable, established network. Whether Daf Joinery Ltd can leverage this connection to improve its financial performance remains to be seen.

Registered in Northern Ireland under the registration number NI648890, with a registered address at BT45 5JH, United Kingdom, Magherafelt, Co. Londonderry, 34 Coolshinney Heights.

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