Specialist Diesel Ltd

Specialist Diesel Ltd from Accrington UK: small company, holding company, active status, founded 24 years ago, 21 employees, £591,886 assets, virtual address, 2 directors, 1 owner, e-commerce site. Regular importer of machinery, boilers, and mechanical appliances; parts (3 months imported). Regular exporter of vehicles, parts, and accessories (not for trains or trams) (4 months exported). Specialist Diesel Ltd is a small company operating from Accrington, UK, acting as a holding company with an active status. Incorporated twenty-four years ago in December 2000, it currently employs twenty-one people and holds assets valued at £591,886. Notably, the company operates from a virtual address, a point to consider, with two directors and a single owner at the helm. It runs an e-commerce site and regularly imports machinery, boilers, and mechanical appliance parts, while also exporting vehicles, parts, and accessories.

The company’s website showcases a wide range of diesel parts and services, primarily catering to the automotive and commercial vehicle sectors. It's an e-commerce operation, with a focus on selling rebuilt diesel fuel injectors and common rail injectors. The site allows customers to select a vehicle model to find compatible parts, and it even offers a "part selector" with a computerised recognition system to quickly identify and check part availability. The site also advertises a Delphi Approved Workshop, highlighting its expertise in diesel fuel injector testing and calibration. It’s clear that Specialist Diesel Ltd is focused on providing specialist parts and services to a niche market.

Financially, Specialist Diesel Ltd’s recent report reveals some concerning trends. Current assets have decreased by 7.2% to £590,000, while net assets have plummeted 40% to £150,000—a significant drop. Bank borrowings have also fallen, but cash reserves have dramatically declined by 95% to a mere £260. While creditors have increased, suggesting a need for more funds, the sharp decrease in cash reserves is a key area of concern. The company meets the criteria for being a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The report doesn't mention an auditor, which is likely due to its small size and exemption from an audit.

The company’s focus on diesel parts and its e-commerce platform suggests a business model geared toward efficiency and online sales. However, the recent financial data indicates potential challenges, particularly the rapid depletion of cash reserves. The decrease in net assets could be attributed to various factors, such as increased operating expenses or delayed payments from customers. It’s also worth noting the virtual address, which, while common, can sometimes raise questions about the company's physical presence and operational stability. Overall, Specialist Diesel Ltd appears to be a small, specialised business facing some financial headwinds, and it will be interesting to see how it navigates these challenges in the coming year.

Registered in England/Wales under the registration number 04118339, with a registered address at BB5 1HD, England, Accrington, 4-4a Blackburn Road.

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