D.a.f. Timber Limited

Daf Timber Ltd from Bishop Auckland UK: a small, family-run business, active since 1987, employs 31 people and holds £1,070,084 in assets. With three directors and two owners, the company operates from a real address and boasts a 3.0 Google rating based on just two reviews. It's an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with just one month of imports recorded as of March 2021.

The company’s core business revolves around the manufacture of wood products and related materials. While a pallet supplier in Coundon, England, Daf Timber Ltd also operates from a registered office in Bishop Auckland. The company has been around for a long time, and it’s clear that it’s a tight-knit operation.

Financially, Daf Timber Ltd shows a mixed picture. Current assets increased by a modest 13%, reaching £1,100,000, while net assets decreased by 12%, settling at £61,000. Bank borrowings fell by a significant 19%, reaching £630,000, and cash reserves dropped 66%, to £20,000. Creditors remained relatively stable, increasing by just 7.7% to £660,000. The company meets two of three conditions to be considered small – turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The decrease in equity, however, is concerning and suggests the company may be burning through cash. With no auditor mentioned, the figures are unaudited.

The company’s financial data also reveals some interesting trends. Depreciation on plant and machinery has decreased, which could indicate that the company is investing in new equipment. However, the increase in trade debtors suggests that the company is having trouble collecting payments from its customers. Overall, Daf Timber Ltd appears to be a stable, but potentially vulnerable, business.

Registered in England/Wales under the registration number 02160203, with a registered address at DL14 8NR, England, Bishop Auckland, Co Durham, Unit 8 Coundon Industrial Estate, Coundon.

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