Direct Sourcing Solutions Limited

Direct Sourcing Solutions Ltd from Malton UK: a small, active company founded 18 years ago, employs 15 people, and holds £2,307,137 in assets. With a real address, four directors, and one owner, it boasts a stellar 5.0 Google rating based on six reviews. The company is a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), with 415 months of import activity and 194 months of export activity recorded.

The company operates a B2B online portal, offering a wide range of truck and bus parts. It’s an official UK distributor of COVIND body parts, KALE Oto Radyatr parts, PowerPacker products, SKF bearings, and Elring parts, catering to major commercial vehicle manufacturers like DAF, Iveco, MAN, Mercedes, Renault, Scania, and Volvo. The website highlights a focus on OEM and high-quality aftermarket parts, with a UK-leading inventory and competitive pricing. It even offers a Premier Data Supplier status through TecAlliance.

Financially, Direct Sourcing Solutions Ltd shows some concerning trends. While current assets remained stable at £2,300,000, net assets dropped by 11% to £680,000. Bank borrowings increased by 31%, reaching £100,000, and cash reserves fell by 31% to £100,000. Creditors also rose by 8.6% to £1,700,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 15 employees) helps it remain flexible, but the decrease in equity is something to keep an eye on. No auditor is mentioned, likely due to the company's small size and exemption from an audit.

The company's reliance on imports and exports, coupled with a rise in creditors, suggests it’s potentially burning through cash faster than it’s generating revenue. However, the high Google rating and focus on specialized parts indicate a loyal customer base and a strong market position. It’s likely that the company is investing in growth, which could explain some of the financial pressures.

Registered in England/Wales under the registration number 05957579, with a registered address at YO17 6BG, England, Malton, North Yorkshire, Units 2-4 Beansheaf Industrial Park, Tofts Road, Kirby Misperton.

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