Dahabshiil Transfer Services Ltd

Dahabshiil Transfer Services Ltd, based in London, UK, is a large, active holding company founded 27 years ago. Employing 31 people and holding assets of £5,027,048, it operates from a virtual address, a detail flagged by the presence of 193 other companies registered at the same location. The company is managed by five directors and has one owner, and boasts a respectable Google rating of 4.0 based on 22 reviews. It’s known as an irregular importer, primarily dealing in textile products, sets, used clothing, and rags, with the last import activity recorded a month ago.

The company's website highlights its role as a "trusted money transfer partner," offering services for sending money internationally. Users can send GBP, view exchange rates, and benefit from a fee-free system. The site emphasizes speed, security, and ease of use, targeting individuals sending money to loved ones abroad. It also features a newsletter signup and agent locator, indicating a focus on customer acquisition and retention. The website’s design is clean and modern, with testimonials from satisfied customers adding a personal touch.

Financially, Dahabshiil Transfer Services Ltd presents a mixed picture. While investment property increased by 41%, net assets decreased by 2%, and turnover fell by 87%. Bank borrowings increased by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company’s large size (meeting two of three criteria for turnover over £36 million, balance sheet over £18 million, and over 250 employees) helps it maintain a strong market position, but the drop in equity raises questions. The company’s accounts are audited by Moore Kingston Smith LLP.

Overall, Dahabshiil Transfer Services Ltd appears to be a well-established player in the money transfer industry, but recent financial trends suggest it’s facing some challenges. The company's focus on customer service and global reach, however, positions it well for continued success.

Registered in England/Wales under the registration number 03538207, with a registered address at EC4A 1JP, United Kingdom, London, 12 New Fetter Lane.

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