David Kellett & Partners Limited

David Kellett & Partners Limited, based in Hereford, UK, is a small, active company established 32 years ago. With eight employees and £6,746,236 in assets, it operates from a real address and is managed by three directors, though no owners are officially listed. The company regularly imports machinery, boilers, and mechanical appliances—parts, with 66 months of import activity recorded, though the last operation was in February 2021.

The business specializes in the installation of industrial machinery and equipment, a sector demanding precision and expertise. While no website is available to examine, the company’s focus on industrial equipment suggests a B2B model rather than direct-to-consumer e-commerce.

Financially, David Kellett & Partners Limited presents a mixed picture. Cash bank on hand increased by a significant 24%, rising to £5,500,000, while current assets grew by 26% to £6,700,000. However, trade debtors decreased by 24%, falling to £580,000, which could indicate challenges in collecting payments. Creditors also increased substantially, rising by 120% to £1,800,000, and other creditors saw an even more dramatic increase of 200% to £1,200,000. The company’s net assets increased by 9.4% to £5,000,000. It’s a small company, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). The significant increase in creditors and other debtors, however, suggests the company may be relying on credit to maintain operations. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, David Kellett & Partners Limited seems to be holding its own, but the increase in liabilities warrants close monitoring. The company’s long-standing presence in the industrial machinery sector indicates a degree of stability, but the financial trends suggest a need for careful management of credit and cash flow.

Registered in England/Wales under the registration number 02805603, with a registered address at HR2 9DH, England, Hereford, Maple Court Wormbridge House, Wormbridge.

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