Delta Truck Sales Limited

Delta Construction Equipment Ltd, based in Culmore, Northern Ireland, is a small, active company founded thirteen years ago. With £3,478,613 in assets and a real registered address, it’s a family-run operation with two directors and a single owner, Kevin Flanagan. The company’s status is active. It’s a relatively small business, meeting two of the three criteria for a small company: turnover under £10.2 million and assets under £5.1 million, and employing less than 50 people.

The company’s core business revolves around buying and selling used construction and mining equipment, as evidenced by its website. Delta Construction Equipment operates a large inventory, offering delivery worldwide. It also facilitates finance arrangements for its stock. The website highlights a focus on customer service and a wide range of equipment, indicating a direct-to-customer sales model, although no e-commerce functionality is apparent. The company also appears to be interested in purchasing used equipment from anywhere in the world.

Financially, Delta Construction Equipment Ltd’s recent performance presents a mixed picture. Cash reserves have significantly decreased, dropping 64% to £390,000. Creditors have also increased, with those due within one year rising 67% to £740,000. However, current assets have increased by 15% to £3.5 million, and debtors have risen by 45% to £2.3 million. Equity has also increased by 6.9% to £2.5 million. The company’s bank borrowings have fallen, suggesting improved debt management. The lack of employees (zero reported) hints at a lean operation. No auditor is mentioned, which is common for small, exempt companies.

The company’s recent financial data suggests a period of growth, but also increased reliance on credit. The decrease in cash reserves, while concerning, could be a result of increased investment in inventory or expansion efforts. The rise in debtors could indicate a shift in payment terms with customers, or perhaps some delayed payments. Overall, Delta Construction Equipment Ltd appears to be navigating a period of transition, with potential for continued growth, but also increased financial risk.

Registered in Northern Ireland under the registration number NI609626, with a registered address at BT48 8GA, Culmore, Derry, 7 Woodlee.

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