Direct Source (uk) Limited

Direct Source (UK) Limited, based in Cardiff, is a small, active family business established 21 years ago. With 12 employees and £376,408 in assets, it operates from a real address and is managed by a single director and two owners. The company regularly imports miscellaneous metal items (for three months) and exports jewelry, precious stones, and metals (for six months). It’s a tight-knit operation, and the business is registered as a private limited company.

The company’s website reveals a more extensive operation than initially apparent. Direct Sourcing Ingredients Ltd, as it’s known online, specializes in supplying the UK and European markets with a variety of food ingredients, including IQF fruit and vegetables, tomato products, herbs, spices, and dried fruit. It’s a BRCGS certified supplier, emphasizing quality and service. The website boasts testimonials from satisfied customers, highlighting the company’s professionalism, enthusiasm, and expertise. The company even has a showroom in Harrods, London.

Financially, Direct Source (UK) Limited shows a mixed picture. Current assets decreased by 9% to £380,000, while net assets increased by 22% to £140,000. Cash reserves fell by 26% to £160,000, and bank borrowings remained steady. Creditors increased by 3.4%, suggesting a slight increase in short-term debt. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be flexible, but the decline in cash reserves warrants attention. No auditor is mentioned, likely due to its small company status.

Overall, Direct Source (UK) Limited appears to be navigating a competitive market. Its food ingredient business seems well-established, and the company’s focus on quality and customer service is evident. Whether it can sustain its growth and profitability remains to be seen.

Registered in England/Wales under the registration number 04998306, with a registered address at CF23 8HA, Cardiff, Celtic House, Caxton Place.

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