Dovitee Limited

Dovitee Limited, based in Leeds, UK, is a small, active company founded five years ago. With just two employees and £26,645 in assets, it operates from a virtual address—a detail flagged by the fact that seventy-four other companies share the same registration location. The firm has two directors and two owners, and enjoys a stellar 5.0 Google rating based on 87 reviews.

The company specializes in retail sales via mail order and internet, with a focus on custom t-shirts. This is evident from its website, which showcases a range of personalized apparel and design services. It’s a small operation, meeting two of the three criteria to be classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

However, the recent financial data paints a mixed picture. While cash bank on hand remained relatively stable at £7,100, current assets decreased by 14% to £27,000. More concerning is the significant drop in equity, falling 34% to £21,000. Trade debtors also saw a substantial decline, decreasing by 42% to £9,500. On the positive side, creditors decreased by 14%, suggesting better management of short-term debts. The company’s net current assets liabilities increased by 220%, indicating a potential cash flow challenge.

The increase in property plant equipment gross cost by 8.1% suggests investment in the business, but the overall trend points to a company facing financial pressures. It’s worth noting that, as a small company, Dovitee Limited is exempt from an audit, and the figures are unaudited. The directors, Kusas Robertas and Kusiene Dovile, are responsible for the company’s financial health, and their combined efforts will be crucial in navigating these challenges.

Registered in England/Wales under the registration number 12196056, with a registered address at LS1 2HH, England, Leeds, Suite 3b Kings House, 1 King Street.

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