Direct From Source Limited

Direct From Source Ltd from Shrewsbury UK is a small, holding company with an active status, established five years ago. The company employs three people and holds £3,942,292 in assets, operating from a virtual address shared by eighty-five other companies. It has two directors and two owners, though the list of owners was changed two years ago. The company regularly imports edible fruits and nuts—eighteen months of import activity recorded, with the latest in July 2024—and occasionally exports paper and paperboard products, with just two months of export activity as of August 2021.

The company operates in the wholesale of fruit and vegetables industries. Its website is not available, making it difficult to assess its online presence and customer engagement. It’s 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.

Financially, Direct From Source Ltd presents a mixed picture. Cash bank on hand has significantly decreased by 57%, falling to £110,000, while current assets have increased by 34%, reaching £3.9 million. Creditors have also risen by 38%, reaching £3.2 million, and trade debtors have increased by 8.5%, reaching £1.9 million. Equity has seen a substantial increase of 22%, reaching £760,000. Interestingly, the company’s net current assets liabilities have also increased by 21%, reaching £760,000. The company’s profit loss has decreased by 40%, reaching £140,000.

The company's financial data suggests it’s facing some challenges. The drop in cash reserves and the increase in creditors indicate it may be burning through money faster than it’s bringing it in. However, the increase in current assets and equity suggests the company has been able to secure new investments or increase its sales. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements. It's a bit concerning, but the company seems to be holding steady.

Registered in England/Wales under the registration number 12073758, with a registered address at SY3 7FA, United Kingdom, Shrewsbury, Shropshire, 1 Brassey Road, Old Potts Way.

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