Decorative Panels Components Limited

Decorative Panels Components Ltd, based in Elland, UK, is a sizable company with a 24-year history, currently employing 191 people. It holds assets worth £12.5 million and generates annual revenue of £43 million. As a holding company with an active status, it’s a key player in the UK’s manufacturing sector. Nine directors oversee operations, alongside one owner, and the company maintains a respectable Google rating of 4.0 based on 20 reviews. Regular importer of wood and wood products (44 months imported).

The company operates within the manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials industries. Its website highlights its role as a leading supplier of decorative faced sheet materials, panel components, and flat pack furniture, playing a significant part in the UK’s furniture supply chain. It's a family-owned business, dating back to 1907, and now combines three divisions: Decorative Panels Lamination, Decorative Panels Components, and Decorative Panels Furniture.

Financially, the company's current assets have decreased by 5.3% to £13 million, while turnover has increased by 2.6% to £43 million. Bank borrowings have decreased by 28%, which is a positive sign. However, net losses have dramatically increased by 95%, plummeting to just £47,000. Creditors have decreased by 13%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, indicating a significant presence in its sector. The company’s auditor is Forvis Mazars LLP.

Despite the increased losses, the company’s continued import activity and broad product range suggest ongoing demand for its offerings. The decrease in bank borrowings and the reduction in creditors point to a focus on financial stability. The company’s long history and family ownership provide a strong foundation for future growth, although the recent financial performance warrants close monitoring.

Registered in England/Wales under the registration number 04154890, with a registered address at HX5 9HF, Elland, West Yorkshire, Century House, Premier Way, Lowfield Business Park.

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