Dmw Uk Limited

Dmw Uk Ltd from Daventry UK is a small, active company founded nineteen years ago. Despite its long history, the company is currently nine months overdue on its accounts, a red flag for potential financial difficulties. With four employees and £255,386 in assets, it’s a modest operation managed by three directors and a single owner, who is also the solo founder. Google reviews are positive, boasting a 4.0 rating from just two reviews. The company operates as an irregular importer, primarily bringing in vehicles, parts, and accessories (excluding trains and trams), with its last import activity occurring just one month ago in November 2023.

The company’s website, while not providing detailed information, indicates it operates in the wholesale trade of motor vehicle parts and accessories. It’s likely that Dmw Uk Ltd serves as a supplier to garages, repair shops, or other businesses in the automotive sector. The company’s small size (meeting two of three criteria for being considered small: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but also presents challenges in scaling up.

A closer look at the financial data reveals a mixed picture. While cash reserves increased slightly to £31,000, net assets have significantly improved, rising to £5,300—a substantial turnaround from the previous year's loss. However, bank borrowings have also increased, jumping to £9,800, and trade debtors have risen to £110,000—a 85% increase, which could indicate difficulties in collecting payments. Creditors have decreased slightly, suggesting better management of short-term liabilities. The company’s lack of employees (only two reported) points to a lean operation, and the absence of an auditor (likely exempt due to its size) means the financial statements are unaudited.

Overall, Dmw Uk Ltd appears to be navigating a period of change. While the improved net assets and cash position are encouraging, the increased borrowings and rising debtors suggest potential cash flow pressures. The company’s ability to maintain its import activities and adapt to market conditions will be crucial for its long-term success.

Registered in England/Wales under the registration number 05788579, with a registered address at NN11 8RB, Daventry, Northamptonshire, 23 Brunel Close, Drayton Fields Industrial Estate.

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