Dasic International Limited

Dasic International Ltd from Romsey UK is a small holding company with an active status, having been founded 39 years ago in 1986. The company employs 12 people and holds assets worth £1,082,513. It operates from a real address with three directors and one owner. Dasic International is an irregular importer of plastics and plastic products (imported for 2 months, latest in May 2024) and a regular exporter of miscellaneous chemical products (exported for 24 months, latest in December 2024).

The company’s website is currently unavailable, making it difficult to assess its online presence or e-commerce activities. Without a website, it’s likely Dasic International operates primarily through direct sales or distribution channels, rather than a direct-to-consumer model.

Financial analysis reveals a mixed picture. Accumulated amortisation for intangible assets has increased, particularly for computer software, while depreciation on motor vehicles has seen a significant jump. Cash bank holdings have decreased substantially, dropping by nearly 80%, and creditors have risen by 37%. Net current assets and liabilities have also declined. Despite these challenges, trade debtors have increased, which could be a sign of expanding sales, or it could mean customers are taking longer to pay. The company’s small size—meeting two of three conditions for a small company—helps it remain agile, but the decline in equity is a cause for concern. The lack of an auditor mentioned suggests the company is exempt due to its size, meaning the financial statements are unaudited.

Overall, Dasic International Ltd appears to be navigating a period of financial pressure. While it maintains a consistent export stream and operates from a real address, the decrease in cash reserves and increase in creditors suggest it’s burning through money. Whether this is a temporary setback or a longer-term trend remains to be seen, but the company will need to address these issues to ensure its long-term viability.

Registered in England/Wales under the registration number 02005284, with a registered address at SO51 7YD, Romsey, Hampshire, Winchester Hill.

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