Diamond Impex Ltd

Diamond Impex Ltd, based in Edgware, UK, is a small, active company established eight years ago. With 15 employees and £429,924 in assets, it operates from a real address and is managed by two directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances—parts, with 6 months of import activity recorded, the last in January 2024. It also exports leather goods, travel bags, and animal harnesses, though irregularly, with just 1 month of export activity as of December 2022.

The company’s website, diamondimpex.co.uk, focuses on supplying packaging materials, particularly bubble wrap and stretch wrap. It caters to businesses across industries, from e-commerce to manufacturing, emphasizing competitive pricing and reliable service. The site features an online shop with various sizes and types of bubble wrap and pallet wrap, highlighting sustainability through the use of up to 30% recycled materials. It’s clear that Diamond Impex Ltd is positioning itself as a key supplier for businesses needing quality packaging solutions.

Financially, Diamond Impex Ltd presents a mixed picture. Creditors have increased significantly, rising by 23% to £1,000,000, while cash bank on hand has improved slightly, increasing by 13% to £34,000. Current assets have also seen a healthy rise, increasing by 36% to £430,000, suggesting improved liquidity. However, net assets have decreased by 44% to -£96,000, and retained earnings have plummeted by 48%, which could be a cause for concern. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in equity raises questions about its long-term financial stability. There's no auditor mentioned, likely due to its small company status, so the figures are unaudited.

Overall, Diamond Impex Ltd seems to be navigating a challenging financial landscape. While it’s showing signs of growth in terms of assets and liquidity, the decrease in equity suggests it may be burning through cash. It’s a story of a small company trying to thrive in a competitive market, but its long-term success will depend on its ability to manage its finances effectively.

Registered in England/Wales under the registration number 10242018, with a registered address at HA8 8GA, England, Edgware, Flat 35 Welford Court, 1 Lacey Drive.

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