Underground Drainage Supplies Limited

Underground Drainage Supplies Limited, based in Derby, UK, is a small, holding company with an active status. Founded 14 years ago in 2010, the company employs five people and holds £889,181 in assets. It has a real registered address and is overseen by three directors and one owner. Google users rate it a perfect 5.0 based on 24 reviews, and it's a regular importer of plastics and plastic products, with 25 months of import activity recorded.

The company operates in the wholesale of wood, construction materials and sanitary equipment industries. Its website, Drainage Supplies UK Ltd, focuses on providing drainage products at competitive prices. It’s a straightforward operation, offering a range of pipes and fittings with a focus on quick delivery and direct customer contact via phone or WhatsApp. The site also advertises a Stoke-on-Trent location, and company registration details are clearly displayed.

Financially, Underground Drainage Supplies Limited shows a mixed picture. Current assets increased by 4.2% to £890,000, while net assets grew by 4.4% to £400,000. Bank borrowings decreased by a significant 41%, dropping to £64,000, and cash reserves fell 15% to £81,000. Creditors increased by 13%, reaching £490,000, and trade debtors rose by 8.2% to £620,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in creditors suggests a need to manage short-term liabilities. The unaudited financial statements, prepared by Ashgates Corporate Services Limited, don't mention an auditor, likely due to the company's small size. Overall, Underground Drainage Supplies Limited seems to be holding its own, but keeping a close eye on debt management will be key.

Registered in England/Wales under the registration number 07275067, with a registered address at DE24 8SR, Derby, Unit 1 Jubilee House Sandown Enterprise Park, Sandown Road.

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