Diecut Global Limited

Diecut Global Ltd from Preston UK: a small, active company founded 16 years ago, employs five people, and holds £29,410 in assets. Operating from a virtual address—shared by ninety-two other companies—it's led by one director and owner, Waterhouse Steven, and enjoys a perfect 5.0 Google rating based on two reviews. The company is a regular importer of machinery, boilers, and mechanical appliances; parts, with recent activity in November 2024.

Diecut Global’s website reveals a specialist supplier of machinery to the corrugated, print, and display, carton, plastic packaging, and flexible packaging industries. It's not an e-commerce site, but rather a business-to-business provider. The website details a range of services, including engineering support, preventative maintenance, and consultancy, targeting manufacturing companies. It even offers brokerage services for used machinery. The company highlights its "Redline" diecutter, emphasizing safety and efficiency, and boasts a global presence with clients in seventy-two countries.

Financially, Diecut Global Ltd shows some concerning trends. Current assets have plummeted by a significant 79%, dropping to £29,000, while net assets have experienced an even more dramatic decline, falling 400% to -£210,000. Bank borrowings have increased, reaching £10,000, and cash reserves have shrunk by 86%, leaving just £14,000. Trade debtors have decreased, which is a good sign, but the substantial equity loss raises questions about the company’s financial health. The company’s small size—meeting two of three conditions for being a small company—helps it remain agile, but the sharp drop in equity needs to be investigated. As a small company, it is exempt from an audit, so the figures are unaudited.

It seems Diecut Global is facing some financial pressures, despite its strong reputation and global reach. The company's focus on providing engineering services and machinery brokerage may be helping it weather the storm, but the long-term sustainability of the business remains to be seen.

Registered in England/Wales under the registration number 06902961, with a registered address at PR1 3BY, England, Preston, Cotton Court, Church Street.

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