Skillbond Direct Limited

Skillbond Direct Ltd, based in Slough, UK, is a large, active company founded 32 years ago. With 64 employees and £8.1 million in assets, the company generates a yearly revenue of £18.9 million. While it has a registered address, it's likely a virtual address as 88 companies share the same location. The business is managed by six directors and owned by Woolf Anton Michael and Woolf Jackie. It boasts a Google rating of 4.0 based on three reviews.

The company specializes in importing and exporting optical and medical tools and devices, with a substantial 342 months of import activity and 254 months of export activity recorded. It’s a regular importer and exporter, with its top categories being optical and medical tools.

Analyzing Skillbond Direct Ltd’s financial data reveals a mixed picture. Accumulated amortisation and impairment of intangible assets increased by 33%, likely due to investments in computer software. Bank borrowings decreased significantly, which is a positive sign, and administrative expenses grew by a modest 3.3%. However, accrued liabilities dropped by 59%, which could indicate tighter financial management or a potential slowdown in payments. The company’s tax liability increased substantially, which may be related to a VAT inspection, and this has impacted prior year profits.

The company's turnover is substantial, but the decrease in net assets and cash reserves suggests it may be burning through money. The increase in trade debtors could be a sign of delayed payments from customers, or an expansion of credit terms. The lack of an auditor mentioned suggests the company is exempt, and the figures are unaudited.

Overall, Skillbond Direct Ltd appears to be a well-established player in the optical and medical device market, but its financial performance warrants closer monitoring. The company's size and experience provide a solid foundation, but the recent trends in its financial data suggest it may be facing some challenges.

Registered in England/Wales under the registration number 02756941, with a registered address at SL1 1PG, Slough, Berkshire, Herschel House, 58 Herschel Street.

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