Diametric Technical Limited

Diametric Technical Ltd from Southampton UK: a small, holding company with an active status, was founded 50 years ago in 1974. The company employs 39 people and holds assets valued at £2,701,003. It has a real address, is managed by two directors, and is owned by one individual. Google users rate it 5.0 based on two reviews. Diametric Technical Ltd regularly imports miscellaneous metal items (127 months) and exports vehicles, parts, and accessories (not for trains or trams) (150 months).

The company operates as a holding company, overseeing various activities. While a website isn't available to analyze, it’s likely Diametric Technical Ltd functions as a business-to-business (B2B) supplier, rather than an e-commerce retailer. It’s probable the company facilitates the import and export of goods, acting as a crucial link in the supply chain.

A review of the company’s financial data reveals a mixed picture. While cash bank on hand decreased by 20% to £910,000, trade debtors increased by 8.4% to £1.5 million, suggesting a possible delay in customer payments. Creditors also rose by 2.3% to £830,000. Interestingly, accrued liabilities deferred income decreased by 14%, and the company's net assets declined slightly. The company’s small size (meeting two of three conditions for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) allows for agility, but the decrease in cash reserves and increase in debt warrants attention. The company’s net losses deepened, while bank borrowings surged by 2,400%. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Overall, Diametric Technical Ltd appears to be a stable, albeit somewhat financially strained, operation. The company’s long history and consistent import/export activity suggest a well-established business model, but the recent financial trends indicate a need for careful management and a focus on improving cash flow.

Registered in England/Wales under the registration number 01193047, with a registered address at SO32 2SA, Southampton, Hampshire, Lake House Waltham Business Park, Brickyard Road Swanmore.

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