Dragon Grips Ltd

Dragon Grips Ltd, based in Chester, UK, is a small, family-run business with an active status. Founded twelve years ago in 2013, the company employs just two people and holds £53,001 in assets. It operates from a virtual address, shared by ten other companies, and is managed by two directors and two owners. The business is an irregular importer, primarily bringing in vehicles, parts, and accessories—though it hasn’s imported anything in over a year.

Dragon Grips’ website showcases a range of custom grips designed to enhance grip on various items, from controllers and instruments to laptops and sporting equipment. The company emphasizes quality antislip rubber and offers custom manufacturing services. A section of the site highlights the business’s origins: it began as a side project to teach marketable skills to the owners’ two sons with Down syndrome, and has since become a full-time venture.

Financially, Dragon Grips Ltd is showing some concerning trends. Current assets have fallen by 37% to £53,000, and net assets have also dropped significantly—37%—to £48,000. Bank borrowings have increased dramatically, rising 120% to £13,000, while cash reserves have decreased 21% to £39,000. Creditors have also decreased, suggesting better debt management. The company meets the criteria to be considered a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited figures, and lack of an auditor mentioned, rely on director-reported data.

It’s clear that Dragon Grips Ltd is facing financial pressures, despite its niche product offering and positive customer reviews. Whether the business can continue to thrive in a competitive market remains to be seen.

Registered in England/Wales under the registration number 08379305, with a registered address at CH1 4EE, United Kingdom, Chester, 14 Upper Northgate Street.

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