Dancia Limited

Dancia Ltd from Hailsham UK: a small, active company founded 27 years ago, is currently overdue on its confirmation statement by 11 months. With three employees and £103,596 in assets, the company generates a yearly revenue of £710,178. It operates from a virtual address, has three directors, and is owned by one person. Dancia Ltd regularly imports footwear and related items, with 40 months of import activity recorded.

The company’s website is minimal, offering no direct e-commerce functionality. It appears to be primarily a wholesale operation, possibly supplying retailers or distributors. The company operates in the non-specialised wholesale trade and other service activities, suggesting a broad range of activities beyond just footwear.

Financially, Dancia Ltd’s picture is mixed. Current assets have plummeted by a significant 59%, dropping to £100,000, while net assets have taken a dramatic hit, decreasing by 170% to -£78,000. Bank borrowings have increased by 34%, reaching £8,200, and cash reserves have fallen 7.3% to £240. On the positive side, creditors have increased by 31%, which could indicate increased purchasing power. The company’s small size—meeting two of three conditions for being classified as small—helps with agility, but the substantial equity decline is a concern. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s turnover increased by a modest 3.8%, but the significant drop in net assets and the rise in bank borrowings suggest Dancia Ltd may be burning through cash. It’s possible that increased operating expenses or delayed payments from customers are contributing to this trend. The company’s reliance on a virtual address, shared by fifteen other businesses, also raises questions about its operational efficiency.

Registered in England/Wales under the registration number 03385394, with a registered address at BN27 2AE, England, Hailsham, C/O R2b Business Solutions Town House, Market Street.

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