Dorset Wheels Ltd

Dorset Wheels Ltd from Southampton UK: a small, holding company with an active status, was founded twelve years ago. The company employs five people and holds £93,678 in assets, operating from a real address. It’s managed by two directors and one owner. The company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with its last import activity recorded two months ago in October 2020.

The company’s primary focus is alloy wheel repair, refurbishment, and customisation, as showcased on its website, The Wheel Specialist. It operates a network of branches across the UK, offering services ranging from cosmetic repairs to diamond cutting and powder coating. The website highlights a wide range of finishes and customisation options, catering to both trade and retail customers. It even provides services like insurance claim handling and fleet services. The Wheel Specialist boasts a strong online presence, with a focus on quality and customer care, and has refurbished over 1.4 million wheels.

Financially, Dorset Wheels Ltd presents a mixed picture. Accumulated amortisation impairment of intangible assets, specifically goodwill, increased by 9.1%, while accumulated depreciation impairment of plant machinery rose by 4.8%. Bank borrowings decreased significantly by 62.0%, and cash bank on hand increased by 30.0%. However, creditors also decreased by 63.0%, and net assets surged by an astonishing 300,000.0%. Trade debtors decreased by 21.0%. The company’s small size—meeting two of three conditions for being considered small—helps it remain flexible. The lack of a mentioned auditor, typical for a small company, means the figures are unaudited.

Overall, Dorset Wheels Ltd seems to be navigating a period of change. While asset management and cash flow appear healthy, the significant equity increase warrants further investigation. The company's focus on specialized services and a nationwide network suggests a potential for continued growth, but careful financial management will be key.

Registered in England/Wales under the registration number 08086775, with a registered address at SO32 2AB, Southampton, Hampshire, Coach House Durley Street, Durley.

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