Dna Worldwide Group Ltd

Dna Worldwide Group Ltd, based in Frome, UK, is a small holding company with an active status, having been established 21 years ago in 2004. The company employs just three people and boasts assets of £6,468,899. It operates from a real address and is overseen by two directors and one owner. While it occasionally imports goods—specifically none—and exports electrical machinery and equipment, the activity is irregular, with just one month of each recorded.

The company’s primary focus is DNA testing, as evidenced by its website. It offers a range of services, including paternity testing, family ancestry analysis, immigration DNA testing, and drug and alcohol testing. The website highlights the company’s expertise and commitment to providing accurate results, with a particular emphasis on its advanced testing technology and museum-grade piano restoration services. It's a family business, with a 5.0 Google rating from eight reviews.

Financially, Dna Worldwide Group Ltd shows some interesting trends. Creditors decreased by 61%, while cash bank on hand increased by 270% to £1,100,000—a significant boost. However, net assets increased by 290% to £1,400,000, and bank borrowings surged by 2,400%, reaching £29,000. Trade debtors decreased by 17%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The increase in bank borrowings, despite the strong cash position, suggests the company may be investing in growth or facing unexpected expenses. It’s possible the company is expanding its services or exploring new markets. The lack of consistent import and export activity, combined with the focus on DNA testing, indicates a business model that relies primarily on domestic customers.

Registered in England/Wales under the registration number 05073590, with a registered address at BA11 4FN, United Kingdom, Frome, Somerset, Unit G1 Frome Business Park, Manor Road.

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