Volserv Ltd

Volserv Ltd, based in Barnsley, UK, is a small, active company founded just three years ago. With five employees and £305,061 in assets, it’s a solo-founded operation managed by a single director and owner, Corbett David. The company is a irregular importer, primarily dealing in vehicles, parts, and accessories—though it hasn’s imported anything in nearly a year, with the last activity recorded in May 2023. It operates within the repair of machinery industries.

The company’s website, volserv.co.uk, focuses on repairs and servicing for construction equipment. It offers major servicing for Volvo Construction Equipment, repairs for plant machinery, and breakdowns assistance. The site emphasizes expertise, onsite workshops, and quick turnaround times. It’s a straightforward, practical website—no fancy e-commerce features here, just clear information about services and contact details.

Financially, Volserv Ltd’s picture is mixed. While current assets have increased slightly to £310,000, net assets have decreased significantly to -£61,000. Bank borrowings have decreased, and cash reserves have fallen by 41% to £19,000. Creditors have also decreased slightly. The company’s size (meeting two of three criteria for a small company) keeps it nimble, but the negative equity is concerning. Trade debtors have decreased, which is a positive sign, suggesting better collection practices. The company is exempt from an audit, so the figures are unaudited.

Overall, Volserv Ltd appears to be facing some financial headwinds. While its core business—repairing construction equipment—seems stable, the declining equity and reduced cash reserves suggest it’s burning through money. Whether this is a temporary setback or a longer-term trend remains to be seen.

Registered in England/Wales under the registration number 13803572, with a registered address at S75 2TQ, England, Barnsley, 56 Granville Street.

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