Dumarey Flybrid Limited

Dumarey Flybrid Limited, based in Towcester, UK, is a small, active company founded seven years ago in 2018. With £1,348,858 in assets and employing 22 people, it’s a modest operation led by three directors and two owners. The company operates in the other manufacturing and research and development industries. It's a real address, not a virtual one.

The company's website reveals a much broader scope than initially apparent. Dumarey Group, its parent company, is a global player specializing in propulsion systems for automotive, industrial, marine, and hydrogen applications. The website showcases a range of products and services, from gear reducers and automatic transmissions to hydrogen fuel systems and engineering services. They also offer manufacturing services, and have a focus on AI solutions. The site highlights partnerships with major players and emphasizes innovation and sustainability.

Financially, Dumarey Flybrid Limited's numbers paint a mixed picture. While current assets decreased by 54%, dropping to £1.3 million, net assets also took a hit, plummeting 62% to £320,000. Bank borrowings increased significantly, rising by 12%, reaching £5.3 million. Cash reserves fell 61%, down to £400,000. Creditors decreased by 11%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity raises questions. The lack of auditor information suggests the company is exempt from an audit.

The company’s increased reliance on bank borrowings and the decrease in cash reserves could indicate a period of investment or expansion. It’s possible the company is re-investing profits back into the business to fuel growth, particularly in the hydrogen and electric vehicle sectors, which are highlighted on their website. The decrease in net assets, while concerning, could also be a result of increased capital expenditure, as the company expands its product offerings and pursues new markets.

Registered in England/Wales under the registration number 11175091, with a registered address at NN12 8GX, United Kingdom, Towcester, Northamptonshire, Unit 4 Silverstone Park, Silverstone.

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