Diverse Composites Ltd

Diverse Composites Ltd, based in Exeter, UK, is a small, active company founded seven years ago in 2018. Employing just two people, it operates from a virtual address shared by forty other companies, a bit unusual. The company is led by two directors and two owners, though the list of owners changed a year ago. It’s a private limited company with a real registered address.

The company specializes in the manufacture of other plastic products and operates as both an importer and exporter of machinery, boilers, and mechanical appliances—parts, though activity is irregular, with just one month of imports and exports recorded. It also has a website, which is a bit confusing, but it seems to be a composite solutions company.

Financially, Diverse Composites Ltd shows some concerning trends. Cash bank on hand has plummeted by 81%, dropping to just £16, while creditors have increased by 5%. Property, plant, and equipment has decreased by 25%, and net current assets liabilities remain at -£20,000. Trade debtors have completely vanished. The company meets two of the three conditions to be considered small, with a turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees. The lack of an auditor is likely due to its small size.

While the company’s irregular import/export activity and virtual address raise questions, its focus on composite solutions—as showcased on its website—suggests a potential niche. However, the declining cash reserves and increasing liabilities indicate that Diverse Composites Ltd is facing financial challenges and it’s burning through money.

Registered in England/Wales under the registration number 11199593, with a registered address at EX2 8TS, England, Exeter, Holly House 21d Chudleigh Road, Alphington.

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