Dvs Power Tools Ltd

Dvs Power Tools Ltd from Basingstoke UK: a small, active company founded seven years ago, employs twelve people, and holds £4,509,995 in assets. It’s a real address, managed by two directors and two owners, and regularly imports and exports machinery, boilers, and mechanical appliances, parts.

The company operates an online store, Dvs Power Tools, selling a wide range of power tools and accessories. The website showcases products from leading brands like DeWalt, Makita, Bosch, Stanley, and Wera. It's a comprehensive selection, from cordless drills and saws to laser levels and safety workwear. The site also features hot deals and a brands section, making it easy for customers to find what they need. It’s clear they’re aiming for a broad appeal, catering to both professionals and DIY enthusiasts.

Financially, Dvs Power Tools Ltd presents a mixed picture. Current assets increased by 60%, reaching £4,500,000, which is a positive sign. However, net assets decreased by 26%, settling at £730,000—a notable drop. Bank borrowings decreased by 20%, to £180,000, and cash reserves fell by 78%, leaving just £200. Trade debtors increased significantly, by 300%, reaching £580,000, which could indicate a delay in customer payments or perhaps an expansion of credit terms. Creditors also increased, by 110%, to £3,400,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. The accounts were unaudited, with no auditor mentioned.

The company’s financial data suggests it’s experiencing some challenges, despite the increase in assets. The decrease in net assets and cash reserves, coupled with the rise in trade debtors, raises questions about its long-term financial health. It's possible that the company is investing heavily in inventory or expanding its operations, which could explain the changes in its financial position.

Registered in England/Wales under the registration number 10760966, with a registered address at RG24 8PP, England, Basingstoke, Unit 1 Rankine Road.

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