Discount D.i.y. Limited

Discount DIY Ltd, based in Middlesbrough, UK, is a small holding company with an active status, celebrating 24 years in business. Employing 14 people, the company holds £453,837 in assets and operates from a real address on Letitia Industrial Estate. With two directors and one owner, it runs an e-commerce site and boasts an impressive Google rating of 5.0 based on 315 reviews. The company regularly imports iron or steel products, with its last import operation occurring four months ago in June 2023.

The company’s website showcases a wide range of building, garden, and interior products, catering to both DIY enthusiasts and trade professionals. It features extensive categories like building materials, timber, hardware, and bathroom fixtures, with new arrivals and bestsellers prominently displayed. The site offers detailed product descriptions, customer reviews, and helpful buying guides, creating a comprehensive online shopping experience. It also has a blog with articles on building compliant staircases and maintaining artificial grass.

Financially, Discount DIY Ltd’s recent performance reveals a mixed picture. Current assets increased by 26%, reaching £450,000, while net assets remained relatively stable at £230,000. Bank borrowings increased by 550%, reaching £65,000, and cash reserves rose 130%, reaching £170,000. Creditors increased by 61%, reaching £240,000, suggesting increased reliance on trade credit. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in borrowings warrants attention. The company is exempt from an audit, so the figures are unaudited.

Overall, Discount DIY Ltd appears to be a well-regarded online retailer with a solid customer base. While the increase in borrowings is a point to watch, the company’s strong online presence and diverse product range position it well for continued success.

Registered in England/Wales under the registration number 04206705, with a registered address at TS1 5SL, Middlesbrough, 373 Cannon Street, Letitia Industrial Estate.

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