Direct Cable Systems Limited

Direct Cable Systems Ltd from Diss, UK, is a small holding company with an active status, having been incorporated 27 years ago in July 1997. The company employs 17 people and operates from a real address shared by five other businesses. It’s led by one director and owned by Midwich Ltd. Regular import and export activity is noted, with 204 months of importing and 60 months of exporting electrical machinery and equipment, the last operations occurring in February 2025 and December 2024 respectively.

The company operates in the manufacture of consumer electronics industries, and its website, though not detailed, suggests a focus on distribution and potentially some manufacturing. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company is a regular importer, with its top import category being Electrical machinery and equipment, totaling 204 months of imports. The company is a regular exporter, with its top export categories including Electrical machinery and equipment, totaling 60 of months exports.

Financially, Direct Cable Systems Ltd shows a mixed picture. Accumulated depreciation for furniture and fittings increased by 8.1%, while leasehold improvements saw a substantial 57.0% increase. Bank borrowings decreased by 7.1%, and cash reserves jumped a healthy 36.0%. However, creditors remained relatively stable, and trade debtors saw a 4.0% decrease. Equity grew by a significant 48.0%, reflecting increased retained earnings. The company’s net assets also increased by 48.0%. Despite a slight increase in the rate of depreciation, the company’s overall financial health appears stable, although the sharp increase in retained earnings might indicate a period of increased profitability. The company was audited by Silverfin, and the report is unaudited.

Registered in England/Wales under the registration number 03409274, with a registered address at IP22 4YT, United Kingdom, Diss, Midwich Limited, Vinces Road.

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