D&h Trade Ltd

Dandh Trade Ltd from Manchester UK: a small, active company founded six years ago, is facing some financial headwinds. With just two employees and £23,067 in assets, the company operates an e-commerce site and boasts a stellar 5.0 Google rating from eight reviews. It's a regular importer of leather goods, travel bags, and animal harnesses, with recent activity recorded three months ago. The business is led by a single director and owner.

While the company’s core activity involves non-specialised wholesale trade, it’s clear that it’s a small operation. It meets two of the three criteria to be considered small: turnover under £10.2 million and a balance sheet total under £5.1 million, and it has fewer than 50 employees. The company’s website is well-maintained, and the Google rating suggests strong customer satisfaction.

However, the financial data paints a less rosy picture. Cash bank on hand has plummeted by a staggering 92%, dropping to just £150. Net assets have also taken a hit, falling 88% to -£86,000. Creditors have increased by 15%, and other creditors have risen by a massive 1300%. While trade debtors have decreased slightly, the overall trend suggests the company is burning through money. The decrease in net current assets by 82% is particularly concerning.

The company’s reliance on bank borrowings has also increased, indicating a need for external funding. The lack of an auditor mentioned likely reflects its status as a small, exempt company. It’s possible that the company is experiencing typical startup challenges, or that it’s facing longer-term financial pressures. It’s also possible that the business is struggling to manage its cash flow effectively.

Registered in England/Wales under the registration number 11535604, with a registered address at M8 8HW, England, Manchester, 41 Derby Street.

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