Explosive Developments Limited

Explosive Developments Ltd from York UK is a small holding company with an active status, established 41 years ago in 1983. The company employs 16 people and holds £4,604,292 in assets, operating from a real address. It's managed by two directors and has one owner, though this owner list isn's exhaustive. The company irregularly imports rubber and rubber products, with one month of import activity recorded in 2023, while regularly exporting plastics and plastic products, with 40 months of export activity extending to February 2025.

The company operates in the manufacture of explosives industries. 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. The website, though non-existent, suggests a focus on providing explosives-related services.

Financially, Explosive Developments Ltd shows a mixed picture. Current assets decreased by 14% to £4,604,292, while net assets increased by 14% to £2,000,000. Bank borrowings remained steady, and cash reserves dropped 36% to £340,000. Creditors decreased by 16%, and trade debtors also fell by 13%. The company’s small size helps it remain agile, but the decline in cash reserves warrants attention. The company is exempt from audit as a small company, and the figures rely on unaudited statements.

The increase in net assets, despite the drop in cash, could be attributed to increased equity or a reduction in liabilities. The decrease in trade debtors suggests improved collection efforts, but the drop in cash reserves might indicate increased operational expenses or investments. The lack of an auditor mentioned further emphasizes the need for careful monitoring of financial performance.

Registered in England/Wales under the registration number 01779135, with a registered address at YO42 1NP, England, York, East Yorkshire, Halifax Way Pocklington Industrial Estate, Pocklington.

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