Dk Automotive Ltd

Dk Automotive Ltd is a small, active company based in Willenhall, UK, founded seven years ago in May 2017. With three employees and £409,698 in assets, it operates as a family business with two directors and two owners. The company's real address is at Unit 6 Planetary Industrial Estate, Planetary Road, and it’s registered as a small company meeting two of three criteria: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It’s an irregular importer of vehicles, parts, and accessories (not for trains or trams), with two months of import activity, and a regular exporter, with six months of export activity.

The company’s core business appears to be holding companies, n.e.c., and it owns several related entities: Top Gear Tuning Ltd, Dk Car Sales Limited, K-tec Car Sales Limited, K-tec Racing Limited, and Dk Tuning Limited. While no website is available to analyze, the company’s diverse portfolio suggests a focus on automotive services and sales, potentially encompassing tuning, restoration, and retail.

Financially, Dk Automotive Ltd presents a mixed picture. While current assets increased by a respectable 140% to £410,000, net assets declined by 13% to £310,000. Bank borrowings remained steady at £180,000, but cash reserves saw a significant jump of 4500% to £960. Trade creditors increased substantially, rising by 690% to £45,000, which may reflect increased purchasing activity. The company’s net losses deepened, though the details are not available. The lack of an auditor is typical for a small, exempt company.

The company’s irregular import activity and regular export activity suggest a dynamic approach to sourcing and distribution. The increase in cash reserves is a positive sign, but the decline in net assets and increase in creditors warrant monitoring. Overall, Dk Automotive Ltd seems to be navigating the challenges of a small business, with a diverse range of automotive-related ventures.

Registered in England/Wales under the registration number 10779084, with a registered address at WV13 3XA, England, Willenhall, West Midlands, Unit 6 Planetary Industrial Estate, Planetary Road.

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