Driveshaft Parts Ltd

Driveshaft Parts Ltd from Bromley UK: small company, holding company, active status, founded 16 years ago, 3 employees, £15,498 assets, virtual address, 4 directors, 1 owner. Regular importer of vehicles, parts, and accessories (not for trains or trams) (3 months imported). Irregular exporter of vehicles, parts, and accessories (not for trains or trams) (2 months exported).

Driveshaft Parts Ltd is a small, active holding company based in Bromley, UK, established sixteen years ago. With just three employees and £15,498 in assets, it operates from a virtual address – meaning many companies share the same location – and is overseen by four directors and a single owner. The company is a regular importer of vehicles, parts, and accessories, with three months of import activity recorded, the last in December 2022. It also exports irregularly, with two months of activity, the most recent in August 2023.

The company’s website reveals a broader operation: a US-based business specializing in driveshaft components, agricultural parts, and even piano restoration. Driveshaft Parts USA LLC, located in Florida, offers a wide range of products, from CV joints to high-end piano restoration services. The website showcases a comprehensive catalog and even a showroom in Harrods, London, highlighting a commitment to quality and heritage.

Financially, Driveshaft Parts Ltd’s recent report shows some concerning trends. Current assets have plummeted by a staggering 96%, dropping to just £15,498, while net assets have also taken a hit, decreasing 97% to a mere £3,800. Cash reserves have fallen 71%, leaving only £15,000 available. Trade debtors have vanished entirely, and creditors have decreased by 82%, suggesting a struggle to collect payments. The company’s small size – meeting two of three criteria for a small company – helps it remain agile, but the sharp decline in assets and cash raises questions. The report is unaudited, and no auditor is mentioned, which is common for small companies.

In conclusion, while Driveshaft Parts Ltd appears to be a diverse business with a US-based counterpart, its recent financial performance indicates potential challenges. The company’s ability to navigate these pressures will depend on its ability to maintain its diverse product offerings and customer base.

Registered in England/Wales under the registration number 06653579, with a registered address at BR1 3RA, United Kingdom, Bromley, Kent, Lygon House, 50 London Road.

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