Decx Limited

Decx Ltd, based in Ripley, UK, is a small, family business with an active status, having been founded 14 years ago. The company employs 10 people and holds £141,434 in assets, operating from a virtual address. With three directors and three owners, it’s a tight-knit operation, boasting a perfect 5.0 Google rating from four reviews. Decx is a regular importer of toys, games, and sports equipment, with 9 months of import activity recorded.

The company specializes in corporate and commercial decoration, particularly Christmas and summer event decorations for public locations. Their website showcases a range of services, from bespoke design and installation to supply-only packages and maintenance. They cater to shopping centres, town centres, and retail parks, offering everything from giant Christmas trees and grottos to umbrella displays and wisteria features. The website is well-designed and clearly targets businesses seeking festive and seasonal decorations.

Financially, Decx Ltd presents a mixed picture. While current assets increased by 78%, net assets decreased by 24%, and bank borrowings surged by 53%. Cash reserves plummeted by 98%, leaving just £110 available. Creditors increased by 45%, suggesting potential challenges in managing short-term debts. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The sharp decline in cash reserves is a cause for concern, potentially indicating increased operational expenses or delayed payments. However, the growth in current assets suggests increased sales or improved inventory management. The company’s focus on seasonal decorations creates a cyclical revenue stream, which can be both a strength and a weakness. Overall, Decx Ltd appears to be navigating a period of transition, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 07562008, with a registered address at DE5 3EA, Ripley, Derbyshire, 3 Derby Road.

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