Donhot Limited

Donhot Ltd from Lincolnshire UK: a small, active company founded 36 years ago, employs nine people, and holds £173,064 in assets. It operates from a virtual address, is managed by two directors and owners, and is a family business. The company regularly imports meat and edible meat offal, with 8 months of import activity recorded.

The company's website, donhotltd.co.uk, describes Donhot Ltd as a supplier of meat and poultry meat products and services for public houses and bars. While it doesn’s an e-commerce site, the website does provide information about the company’s products and services, and contact details.

Financially, Donhot Ltd’s recent performance presents a mixed picture. Current assets have fallen by 21% to £170,000, while net assets have increased by 9.1% to £300,000. Bank borrowings have increased by a staggering 240%, reaching £110,000, and cash reserves have fallen by a significant 74% to £53,000. Creditors have decreased by 66%, suggesting better debt management. Trade debtors have increased dramatically by 2200%, which could be a sign of increased sales or delayed payments. The company meets two of three conditions to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

The sharp increase in bank borrowings and decrease in cash reserves are concerning, suggesting the company may be burning through money faster than it’s generating revenue. The increase in trade debtors could be a temporary blip or a sign of longer-term issues with collecting payments. It’s also worth noting that the company’s virtual address raises questions about its physical presence and operational efficiency. Despite these challenges, Donhot Ltd’s long history and family ownership suggest a resilient business with potential for future growth.

Registered in England/Wales under the registration number 02355244, with a registered address at NG34 7BJ, Lincolnshire, 18 Northgate, Sleaford.

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