Dieselprods Limited

Dieselprods Ltd, based in Prescot, UK, is a small, active company established 36 years ago. With 14 employees and £1,652,582 in assets, it operates from a virtual address and is managed by four directors, though no owners are officially listed. The company regularly imports and exports machinery, boilers, and mechanical appliances, with a consistent history of 166 months of imports and 61 months of exports.

The company's core business revolves around wholesale trade of motor vehicle parts and accessories. It’s a small business, meeting two of the three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The registered address, Butterworth Barlow House, is likely a virtual one, as twenty-nine companies share the same address.

Recent financial data paints a mixed picture. Cash reserves have significantly decreased by 70%, falling to £170,000, while bank borrowings have increased by 5.6%, reaching £140,000. Creditors have also seen a decline, decreasing by 7.5% to £1,800,000, which could indicate improved debt management. However, the most concerning trend is the substantial drop in equity, plummeting 230% to -£100,000. This suggests the company is burning through its reserves, and a possible need to seek additional funding. The company's net current assets also took a hit, decreasing by 220% to -£110,000.

Despite these challenges, the company's consistent import and export activity suggests ongoing demand for its products. The lack of an auditor mentioned likely means the financial statements are unaudited, relying on director-reported data. It’s probable that the company is navigating a period of transition, needing to carefully manage its cash flow and explore new revenue streams to ensure its long-term sustainability.

Registered in England/Wales under the registration number 02295879, with a registered address at L34 3LG, England, Prescot, Merseyside, Butterworth Barlow House, 10 Derby Street.

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