Dapetz Ltd

Dapetz Ltd, a small, active company based in London, UK, has been operating for eleven years. Founded in 2014, it employs fourteen people and holds £1,121,374 in assets. With a real address and a single director and owner, Saleem Siddiqullah, Dapetz Ltd is a regular importer and exporter of basic metal tools and utensils, with a longer history of importing (100 months) than exporting (4 months). The company operates in the wholesale of machine tools, hardware, plumbing, and other professional services.

The company’s website, Dapetz, showcases a wide range of tools, DIY supplies, and consumables, with a focus on online sales. It has a user-friendly interface, a wishlist feature, and a comprehensive catalog categorized by type. The site also emphasizes customer support and offers various payment options, including Klarna and Apple Pay. The site’s blog provides helpful advice and information related to tools and safety equipment.

Financially, Dapetz Ltd’s report reveals some concerning trends. While current assets increased by 11% to £1,100,000, net assets plunged 3600% to -£320,000, a dramatic shift from a small profit last year. Bank borrowings have increased, and cash reserves have decreased, suggesting the company is burning through cash. Creditors have also increased significantly, which could indicate challenges in managing short-term liabilities. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity is a cause for concern. No auditor is mentioned, as is typical for a small company.

The company’s increased import activity and the website’s focus on online sales suggest a continued effort to grow revenue. However, the financial data indicates that Dapetz Ltd is facing financial pressures and may need to address its cash flow situation. The company’s ability to sustain its operations will depend on its ability to manage its expenses and generate sufficient sales.

Registered in England/Wales under the registration number 08886144, with a registered address at NW10 6EU, England, London, 44 Standard Road.

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