Drummond Central Limited

Drummond Central Ltd, based in Newcastle Upon Tyne, UK, is a sizable holding company with an active status, celebrating 20 years since its establishment. Employing 57 people and boasting assets of £8,817,213, the company operates from a real address and is overseen by four directors and one owner. Its Google rating stands at a respectable 4.0 based on nine reviews. The company is an irregular exporter, primarily dealing in miscellaneous manufactured goods, with the last export operation occurring one month ago.

Beyond its core function as a holding company, Drummond Central Ltd operates within the advertising agencies industries. The company's website showcases a range of services, from brand strategy to advertising campaign implementation, catering to global brands, retailers, and local businesses. Case studies highlight successful collaborations with well-known names like bet365, Greggs, and Playstation, emphasizing award-winning work and tangible results. The website also promotes a piano restoration business, 1066 Pianos, which operates independently.

Financially, Drummond Central Ltd’s recent performance presents a mixed picture. While cash and cash equivalents increased by 18%, rising to £2,500,000, other key metrics show concerning trends. Net assets decreased by 40% to £3,800,000, and staff costs fell by 46% to £3,100,000. Bank borrowings increased by 2400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting improved debt management. The company is classified as large, meeting two of three criteria: turnover over £36 million, balance sheet total over £18 million, and more than 250 employees. The company’s financial statements were audited by Robson Laidler Accountants Limited.

Overall, Drummond Central Ltd appears to be navigating a period of financial adjustment. While some areas show positive growth, the decrease in net assets and increased bank borrowings warrant close monitoring. The company's diverse operations and established reputation should help it weather these challenges, but continued vigilance will be crucial for long-term success.

Registered in England/Wales under the registration number 05161268, with a registered address at NE2 4PQ, Newcastle Upon Tyne, Tyne & Wear, 70 Jesmond Road West.

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