Degee Limited

Degee Ltd, based in Exeter, UK, is a small, active company founded eight years ago. With two employees and £115,876 in assets, it operates as a family business with two directors and owners. The company’s status is active, and it’s classified as a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It has a registered address, but this is likely a virtual address as thirty companies are registered there. Degee Ltd is an irregular importer, specializing in electrical machinery and equipment, with its last import operation occurring one month ago.

The company’s website is currently unavailable, making it difficult to determine its specific operations beyond what's publicly available. It appears to operate in the advertising agencies industries.

Financially, Degee Ltd presents a mixed picture. While current assets increased by a substantial 30% to £120,000, net assets also grew by 31% to £290,000. However, cash reserves have significantly decreased by 79% to just £5,600, and bank borrowings have remained relatively stable. Trade debtors have increased dramatically, by 140%, suggesting potential issues with customer payments or a deliberate strategy to extend credit terms. Creditors have also decreased slightly, indicating some improvement in debt management. The company’s net losses deepened to -£23,000, and the company’s net current assets liabilities have improved from -£48,000 to just £2,000. The lack of an auditor is typical for a small company, and the figures are unaudited.

Overall, Degee Ltd appears to be navigating a period of change. The growth in assets and debtors suggests expansion, but the decline in cash reserves and increased losses raise concerns about its financial health. Whether the company can sustain this growth and address its losses remains to be seen.

Registered in England/Wales under the registration number 10488326, with a registered address at EX1 1QT, United Kingdom, Exeter, Devon, 5 Barnfield Crescent.

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