Danacom Ltd

Danacom Ltd from London UK: a small, active company founded 11 years ago, employs five people, and holds £410,425 in assets. It operates from a virtual address – sixteen companies share the same location – and is led by two directors and a single owner, who is also the solo founder. The company is an irregular importer of wood and wood products, with just two months of import activity recorded as of March 2024. Officially, it’s involved in other building completion and finishing industries.

The company's website, danacom.co.uk, is a simple, functional site. It doesn’s appear to be an e-commerce platform, but rather a brochure-style presentation of the company's services. There’s no online store or shopping cart – it seems designed to generate leads and provide contact information for potential clients. The site highlights the company's expertise in timber sourcing and supply chain management, suggesting a focus on B2B relationships rather than direct consumer sales.

Financially, Danacom Ltd presents a mixed picture. Current assets have increased slightly to £410,000, but net assets have seen a significant jump to £240,000. Cash reserves have more than doubled to £260,000, a positive sign. However, trade debtors have fallen sharply by 25%, which could indicate tighter credit control or slower customer payments. Creditors have increased considerably, by 180%, which may be due to increased stock levels or supplier payments. The company’s small size – meeting two of three conditions for being small – helps it stay flexible, but the significant increase in creditors warrants closer attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Danacom Ltd seems to be navigating a period of growth, but it’s important to monitor the increase in creditors to ensure the company maintains a healthy financial position. The company’s reliance on a virtual address and the lack of a robust online presence could also be areas for improvement.

Registered in England/Wales under the registration number 08609764, with a registered address at SE25 6EJ, London, Svs House, Oliver Grove.

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