Digital Id Ltd

Digital ID Ltd, based in Stockport, UK, is a sizable, holding company with an active status, having been established 31 years ago. The company employs 103 people and holds assets totaling £28,916,357. It operates a real address, is managed by four directors, and has one owner, and boasts a 5.0-star Google rating from 12 reviews. The company runs an e-commerce site and regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 366 months of import activity and 395 months of export activity.

The company is a large entity, meeting two of three conditions: turnover exceeding £36 million, a balance sheet total exceeding £18 million, and an average of more than 250 employees. It functions as a holding company and maintains an active status. The company was incorporated on May 18, 1993, and its operations are centered around the supply of ID cards, ID card printers, and associated consumables. The website showcases a wide range of products, including printers, lanyards, cards, holders, and software, catering to diverse sectors like events, education, and access control.

Financially, Digital ID Ltd demonstrates some interesting trends. Accrued liabilities and deferred income decreased significantly by 75%, while impairment losses on intangible assets increased. Bank borrowings surged by 480%, and corporation tax payable jumped to £630,000. Despite this, cash bank on hand increased by a substantial 310%. Net assets rose by 29%, and total assets less current liabilities increased by 53%. The company’s net loss deepened to -£23,000, and trade debtors ballooned by 890%.

The company’s auditor is Xeinadin Audit Limited. The increase in bank borrowings and the decrease in cash reserves may indicate a period of investment or expansion, although the increase in corporation tax payable suggests a higher level of profitability. The company’s reliance on imports and exports, combined with its e-commerce presence, positions it within a dynamic global market, and the company's success will depend on its ability to adapt to changing economic conditions and maintain its competitive edge.

Registered in England/Wales under the registration number 02819044, with a registered address at SK4 2HD, Stockport, Cheshire, C/O HALLIDAYS LLP, Riverside House Kings Reach Business Park Yew Street.

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