Debar Ltd

Debar Ltd from Leeds, UK, is a large company, holding company, and is currently active. Established seventeen years ago in March 10, 2008, it employs 119 people and holds assets valued at £6,085,814. The company generates a yearly revenue of £15,412,979. While it has a registered address, it’s likely a virtual address, as ten companies share the same location. Debar Ltd is managed by five directors and owned by two individuals, with a Google rating of 3.0 based on fourteen reviews. They regularly import and export miscellaneous metal items, having imported for seventy-three months and exported for a substantial two hundred and thirty-two months.

The company operates in the manufacture of basic iron and steel and of ferro-alloys industries. Its website is currently inaccessible, displaying a "403 Forbidden" message and indicating a security service is in place to prevent unauthorized access.

Financially, Debar Ltd presents a mixed picture. While cash bank on hand increased by a healthy 21% to £2,000,000, current assets only increased slightly to £6,100,000. Turnover decreased by 6.5% to £15,000,000, and net losses increased significantly. Bank borrowings decreased, which is a positive sign, but the sharp decrease in equity—down 73%—is concerning. Creditors also decreased, suggesting better debt management. The company meets two of three criteria to be classified as a large company, with turnover exceeding £36 million, a balance sheet total over £18 million, and more than 250 employees. The lack of an auditor mentioned suggests the company is exempt from an audit, and the financial statements are unaudited.

Overall, Debar Ltd appears to be facing financial challenges despite its size and established presence. The decrease in equity, combined with increased losses, indicates the company may be burning through cash. However, the increase in cash reserves and decrease in creditors offer some hope for future stability.

Registered in England/Wales under the registration number 06528552, with a registered address at LS7 3QB, Leeds, West Hill House Allerton Hill, Chapel Allerton.

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