Driffield Limited

Driffield Limited, based in Ossett, UK, is a small, active company founded eight years ago in 2016. Employing just one person, it holds £46,522 in assets and operates from a virtual address shared by 120 other companies. With one director and one owner, the business focuses on importing and exporting electrical machinery and equipment – importing for two months and exporting for three. The company operates in the information technology consultancy activities industries.

The business’s website, Shields Driffield Ltd, reveals a more expansive operation. Established in 1984, it’s a family-owned mechanical engineering and bulk processing company offering a full range of services from design to installation. Shields specializes in fabrication, turnkey projects, and materials handling, catering to a wide variety of industries. The company’s website showcases impressive projects and testimonials, highlighting its commitment to quality and customer satisfaction.

Financially, Driffield Limited presents a mixed picture. Current assets have increased by 37% to £47,000, but net assets have fallen by 69% to just £2,600. Cash bank on hand has dropped significantly, decreasing by 59% to £2,400. Debtor amounts have also risen considerably, increasing by 57% to £44,000. Creditors, however, have also increased by 72% to £44,000. The company’s small size (meeting two of three conditions for being small) helps it remain flexible, but the decline in equity raises questions. The accounts are unaudited and were prepared using Taxfiler software.

The company’s financial trajectory suggests it may be experiencing some challenges, although the business appears to be well-established and reputable based on its website and client testimonials. It's likely that the increase in debtors is a temporary issue, and the company is working to manage its cash flow.

Registered in England/Wales under the registration number 10214265, with a registered address at WF5 8BH, England, Ossett, 10 New Street.

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