Direct Parts Supply Limited

Direct Parts Supply Ltd, based in Chorley, UK, is a small, family-run business with an active status, having been established fifteen years ago. The company employs just four people and holds assets valued at £243,423. It operates from a real address, managed by five directors and two owners. Regular importing and exporting of toys, games, and sports equipment are core to its operations, with 72 months of import activity and 6 months of export activity recorded.

The company’s website reveals a focus on supplying parts and equipment to the forklift and industrial sectors. It offers a wide range of products, including battery boxes, connectors, and forklift wheels, catering to both retail and wholesale customers. Orders are currently taken only via Purchase Order for credit accounts or prepayment, reflecting a more traditional business model. The website also showcases a mailing list signup and detailed company information, highlighting its commitment to customer service.

Financially, Direct Parts Supply Ltd presents a mixed picture. Current assets have decreased by 16% to £240,000, while net assets have fallen by a more significant 34% to £96,000. Cash reserves have also declined, dropping 15% to £210,000. Creditors have decreased by 56%, which is a positive sign, but the drop in equity and the increase in bank borrowings suggest the company is burning through cash. The company meets two of the three conditions to be classified as a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Direct Parts Supply Ltd appears to be navigating a challenging period, with declining assets and increased debt. However, its established product range and focus on niche industrial supplies could provide a foundation for future growth—although careful management of cash flow will be essential.

Registered in England/Wales under the registration number 07135327, with a registered address at PR6 0QL, England, Chorley, Lancashire, Unit 3 Cowling Business Park, Canal Side.

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