Digital Red Square Limited

Digital Red Square Ltd from Brockmoor UK: a small holding company with an active status, was founded nine years ago. It employs just one person and holds £585,519 in assets, operating from a real address. With one director and one owner, the company regularly imports electrical machinery and equipment—a trend spanning 18 months, with the latest import occurring in December 2024.

The company's website highlights its role as a distributor of mobile phones and accessories, supplying over 800 companies worldwide. It boasts experience in both national and global distribution, focusing on quality products from brands like Samsung, Apple, Huawei, Xiaomi, and Motorola. The site features product sourcing capabilities, extending beyond mobile phones to include consoles and personal protective equipment (PPE). It even has two registered addresses, one in Cookley Wharf Industrial Estate and another in Kingswinford.

Financially, Digital Red Square Ltd presents a mixed picture. Current assets increased by 76%, reaching £590,000, while net assets decreased by 85%, settling at £730. Bank borrowings increased significantly by 65%, reaching £15,000, and cash reserves fell by 26%, sitting at £74,000. Creditors, however, decreased by 81%, suggesting improved debt management. The company's small size—meeting two of three conditions for being classified as small—allows for agility, but the equity decline warrants closer examination. The accounts are unaudited, and no auditor is mentioned, which is typical for a small company.

The company’s financial data indicates a possible cash burn. While assets are substantial, the significant decrease in equity suggests the company is reinvesting heavily in its operations, or perhaps facing increased costs. The increase in bank borrowings further supports this theory. The company’s reliance on a single employee and the lack of a detailed breakdown of revenue streams also raise questions about its long-term sustainability. The company’s director, Singh Harminder, is responsible for the financial decisions, and the company’s accounts are prepared using CCH Software.

Registered in England/Wales under the registration number 09841565, with a registered address at DY5 3UP, England, Brockmoor, Brierley Hill, 14b Suite 1, Cookley Wharf Industrial Estate, Leys Road.

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