Howard Ramsden (diespec) Limited

Howard Ramsden Diespec Ltd from Torquay UK: a small, active company founded 29 years ago, employs just two people, and holds £393,325 in assets. It operates from a virtual address – a bit unusual, as fifty-one other companies are also registered there – and is led by four directors and two owners. The business is a family affair, regularly importing machinery, boilers, and mechanical appliances, with parts imported for a substantial 42 months, the last operation taking place in March 2025. The company operates in the manufacture of metal structures and parts of structures.

The business appears to be a modest operation, meeting the criteria for a small company: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company's website is not available, so it’s difficult to determine if it operates an e-commerce platform or primarily engages in business-to-business sales.

Financially, Howard Ramsden Diespec Ltd shows some concerning trends. While cash bank on hand increased by 9.2% to £260,000, creditors jumped by 33% to £180,000, suggesting a reliance on credit. Trade debtors also rose by 19% to £130,000, which could indicate difficulties in collecting payments. The company’s net assets grew by only 3.6% to £290,000, and the average number of employees increased by 50% to three, which is a good sign, but the rise in creditors is something to keep an eye on. It’s worth noting that the company is exempt from an audit, so the financial data is unaudited.

Overall, Howard Ramsden Diespec Ltd seems to be a stable, family-run business, but the rising debts could be a cause for concern. The increase in employees is a positive sign, and the company’s long history suggests a degree of resilience, but the business needs to manage its creditors to ensure long-term financial health.

Registered in England/Wales under the registration number 03116004, with a registered address at TQ2 7AQ, United Kingdom, Torquay, Devon, 156 Newton Road.

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