Digital Daffodil Ltd

Digital Daffodil Ltd from Hoddesdon UK: small company, active status, founded 19 years ago, £527,502 assets, real address, 3 directors, 1 owner, e-commerce site. It operates in the retail sale via mail order houses or via internet industries, offering a wide range of products including headphones, CD players, and portable televisions, catering to both UK and international markets. The company’s website showcases a diverse catalogue, from audio accessories to health monitoring devices, and even offers free UK delivery on orders over £15.

The business, founded in 2006, is a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. It’s managed by three directors, including Yang Ke and Zhou Keming, with Zhou Keming also acting as the owner. The company’s financial health, however, presents a mixed picture. While it holds £527,502 in assets, its net assets are a negative £24,000, indicating more liabilities than assets. Bank borrowings have decreased significantly, falling by 56%, but cash reserves have also plummeted 78% to just £2,700. Creditors have decreased by 30%, which is good, but the substantial loss and dwindling cash reserves suggest the company is burning through money. Trade debtors have also fallen considerably, which is positive.

The company’s financial statements are unaudited, a common occurrence for small entities, and there’s no mention of an auditor. The business’s website, while active and featuring a blog with helpful buying guides, doesn't offer much insight into the company's strategy beyond product sales. It’s likely that the company is facing challenges in managing its cash flow, despite its active e-commerce presence and diverse product offerings. The decrease in bank borrowings is a positive sign, but the negative equity and low cash reserves are concerning.

Registered in England/Wales under the registration number 05781250, with a registered address at EN11 0EE, England, Hoddesdon, Office 1 And Unit 1a Rawmec Business Park, Plumpton Road.

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