Dna Baits Ltd

Dna Baits Ltd from Goole, UK, is a small, active company established eighteen years ago. With twenty employees and £688,624 in assets, it operates from a real address and is managed by one director and two owners. The business runs an e-commerce site and irregularly imports natural and modified starches, glues, and enzymes (last import in April 2023) and exports toys, games, and sports equipment (last export in October 2022). It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website showcases a wide range of carp fishing baits, including boilies, hookbaits, groundbaits, and liquids, alongside merchandise and pellets. It’s clear they are focused on high-quality products, with a blog section featuring expert advice and tips for anglers. The site’s design and content suggest a strong commitment to customer engagement and building a community around the brand.

Financially, Dna Baits Ltd presents a mixed picture. Creditors increased by a significant 68%, reaching £430,000, while cash bank on hand grew by a healthy 77%, now at £130,000. However, equity decreased by 16%, dropping to £280,000, and net current assets and liabilities increased by 49%, reaching £260,000. Bank borrowings also increased substantially, now at £180,000. Despite the decrease in equity, the increase in cash reserves is a positive sign. The company’s small size means it is exempt from an audit, so the figures are unaudited. The increase in bank borrowings could be a sign of investment in growth, or it could be a cause for concern. It’s difficult to say for sure without more information.

Registered in England/Wales under the registration number 06160830, with a registered address at DN14 6BZ, United Kingdom, Goole, East Yorkshire, Unit E Opus 36, New Potter Grange Road.

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