Danem Retail Group Limited

Danem Retail Group Limited is a small, active company based in Tamworth, UK, founded four years ago in 2020. With just one employee and £33,139 in assets, it’s a family-run business overseen by a single director and two owners. The company operates in the retail sale via mail order houses or via internet industries. Its registered address is real, with only one other company registered at the same location.

The company’s website, Danem Retail Group Limited, is simple, featuring a homepage, about us section, contact page, and a navigation menu. There's a 2020 copyright notice at the bottom, suggesting a relatively recent establishment. It’s a basic online presence, typical of a small business focusing on direct sales.

Financially, Danem Retail Group Limited’s numbers paint a mixed picture. Cash bank on hand has fallen by a significant 61%, dropping to £1,500. Current assets have also decreased by 35%, now standing at £33,000. Debtors have taken a big hit, falling 54% to £12,000, which could indicate slower payments from customers, or a conscious effort to reduce credit exposure. However, creditors have also decreased by 9.1%, suggesting better management of short-term liabilities. Equity, however, has plummeted 300%, resulting in a substantial negative balance of -£18,000. This is a worrying trend, indicating the company is burning through its equity faster than it’s generating profit. The company’s size – meeting two of three conditions for a small company – allows it to avoid some regulatory burdens, but the lack of a mentioned auditor (likely exempt) means the figures are unaudited.

Overall, Danem Retail Group Limited appears to be struggling financially. While the company is still active and maintaining a basic online presence, the sharp decline in equity and cash reserves suggests it’s facing significant challenges. The decrease in debtors is a positive sign, but the company needs to address its negative equity position to ensure its long-term viability.

Registered in England/Wales under the registration number 12594833, with a registered address at B79 9DJ, England, Tamworth, Unit 61 Greendale Farm, Burton Road, Elford.

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