Daver Ltd

Daver Ltd is a small, active company based in London, UK, founded six years ago in 71-75 Shelton Street. The company employs just one person and holds £1,730,389 in assets, operating from a virtual address shared by over 90,000 other businesses. It's led by one director and one owner, and regularly imports and exports electrical machinery and equipment—147 months of imports and 292 months of exports recorded, with the latest activity in January 2025.

The company's website, Daver Steels, specializes in steel fabrication, welding, and related services. It’s been established for over 30 years, offering a complete range of fabrication services and working with various grades of steel and alloys. The business manufactures and distributes products, primarily to the construction industry, both nationally and overseas. They even boast a membership with the British Constructional Steelwork Association. The website highlights collaboration, innovation, and automation, with a focus on environmental projects and a commitment to net-zero initiatives.

Financially, Daver Ltd presents a mixed picture. While cash reserves increased significantly, jumping 290% to £270,000, current assets also rose by 62% to £1,700,000. However, net losses deepened, and bank borrowings increased by 14% to £250,000. Trade debtors increased substantially, suggesting potential issues with customer payments, and creditors rose 52%, indicating increased short-term liabilities. The company's small size—meeting two of three criteria for a small company—allows for agility, but the increase in debt and losses warrants attention. The accounts are unaudited, as is common for small companies, and there's no auditor mentioned.

Overall, Daver Ltd seems to be growing, but it’s also burning through money. The company's long-standing presence in the steel fabrication industry and its focus on environmental sustainability suggest a solid foundation, but careful management of its finances will be crucial for its continued success.

Registered in England/Wales under the registration number 11601597, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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