Dropnet Ltd

Dropnet Ltd from London UK: a small, active company founded four years ago, employs eight people, and holds £807,434 in assets. It’s a solo-founder operation with one director and a perfect 5.0 Google rating from two reviews. The company regularly imports and exports electrical machinery and equipment—23 months of imports and 6 months of exports recorded.

Dropnet Ltd operates in the retail sale via mail order houses or via internet industries. Its website, though currently unavailable, suggests a focus on electrical components and related services. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Financially, Dropnet Ltd’s numbers paint a mixed picture. Current assets have dropped by 19%, settling at £810,000. Bank borrowings remain steady at £280,000, while cash reserves have increased by a significant 260%, reaching £100,000. Creditors have decreased by 22%, suggesting improved debt management. Trade debtors have fallen by 34%, which could be a positive sign of quicker payments. Equity has increased by 29%, indicating a stronger financial position. The company’s small size helps it stay nimble, but the drop in current assets is something to keep an eye on. No auditor is mentioned, likely due to its small size and exemption from an audit.

Registered in England/Wales under the registration number 13222370, with a registered address at N22 8HX, England, London, 2 Neville Place, High Road.

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