Daro Limited

Daro Manufacturing Services, based in Sudbury, Suffolk, UK, is a small, active company founded 42 years ago in 1983. With £1,000,000 in assets and a real registered address, it employs just two people and is overseen by three directors, with Rideout Roger Dennis as the sole owner. The company operates in the wholesale of furniture, carpets, and lighting equipment industries, and also provides product design, fabrication, and assembly services. Its website highlights a focus on engineering, fabrication, and product development, catering to clients like Hellenic Systems and Timberwolf.

While primarily a manufacturing services provider, Daro Manufacturing Services is a 100% owned subsidiary of Daro Group Ltd. The company’s website details its services, including product design, fabrication, and assembly, with a focus on aluminium, mild, and stainless steel work. It even has a showroom in Harrods, London.

Financially, Daro Manufacturing Services presents a mixed picture. Cash reserves dropped significantly by 31% to £130,000, while bank borrowings increased. Creditors rose by 120%, and other creditors jumped a staggering 250%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decline in equity—down 7.2%—raises questions. The company is exempt from an audit, and the financial statements are unaudited.

The sharp increase in creditors suggests that the company may be burning through cash, though it’s possible this is a strategic move to fuel growth. The decline in equity, meanwhile, could be a result of reinvestment in the business or other factors. It’s likely that Daro Manufacturing Services is facing pressures, but its focus on engineering and manufacturing services, combined with its connection to the larger Daro Group, positions it for continued success.

Registered in England/Wales under the registration number 01718891, with a registered address at NN5 7QP, Northampton, Heathfield Way, Kings Heath.

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