A & M Granite Solutions Ltd

A & M Granite Solutions Ltd, based in Durham, UK, is a small, active company established seven years ago. With two employees and £342,940 in assets, it’s a solo-founded operation led by a single director and owner, Jason Ahern. The business holds a stellar 5.0 Google rating based on five reviews, and operates in the specialised retail sector, selling new goods. It’s an irregular importer, with its top import category being stone, plaster, cement, and similar material products, totaling 2 months of imports. The last import operation was conducted on September 01, 2021.

The company's website is not available, so it’s difficult to determine the specifics of its online presence. However, the company’s core business involves the retail sale of new goods in specialised stores, not commercial art galleries or opticians. It’s likely that the business operates primarily through a physical location or a limited online presence, focusing on direct sales to customers.

Financially, A & M Granite Solutions Ltd presents a mixed picture. Creditors decreased by a significant 31%, suggesting improved debt management, and cash bank on hand increased by a substantial 76% to £110,000. However, net assets plummeted 110% to just £11,000, and trade debtors fell by a dramatic 69%, which could indicate difficulties in collecting payments. While bank borrowings decreased by 26%, the company's equity is in negative territory. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite the negative equity, the company’s increased cash reserves and decreased creditors suggest a potential for recovery. However, the significant decrease in trade debtors warrants further investigation.

Registered in England/Wales under the registration number 10897967, with a registered address at DH7 6FS, England, Durham, 16 Draper Close, Sacriston.

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