Driver Southall Limited

Driver Southall Ltd, based in Burntwood, UK, is a small, holding company with an active status. Founded 34 years ago in 1990, it employs nine people and holds assets valued at £388,912. The company, with three directors and one owner, operates from a real address and has been a regular importer of electrical machinery and equipment for three months, and a regular exporter of machinery, boilers, and mechanical appliances; parts for eight months.

The company’s website showcases Driver Southall as a manufacturer of checkweighers, metal detectors, and X-ray detection systems. It offers both standard and bespoke weighing systems, catering to industries like food, pharmaceutical, and automotive. The site details various products, including the DS4 checkweigher, metal detector, and X-ray systems, alongside services like training, spare parts, and calibrations. It's clear they don't operate an e-commerce site; instead, they focus on direct sales and service contracts.

Financially, Driver Southall Ltd presents a mixed picture. While cash reserves have increased significantly, jumping 270% to £65,000, other areas show concerning trends. Creditors have risen sharply, increasing 39% to £210,000, and finished goods have fallen 60% to £6,000. The company’s small size—meeting two of three conditions for a small company—helps with agility, but the increase in debt warrants attention. Payments received on account have also dropped dramatically, by 81%, which could be a sign of slower customer payments. The company's net assets, however, have increased by 40% to £180,000. As a small company, it's likely unaudited, and no auditor is mentioned. The increase in bank borrowings, however, suggests a need for additional funding. The company's current assets also increased by 42% to £390,000.

Registered in England/Wales under the registration number 02546899, with a registered address at WS7 0AL, Burntwood, Staffordshire, Unitech House, Prospect Road.

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