Deep Grc London Ltd

Deep Grc London Ltd, based in Uxbridge, UK, is a large, active company founded four years ago. With seven employees and £3,568,806 in assets, it’s a significant player despite operating from a virtual address shared by fifteen other companies. The company has two directors and one owner, who is also the solo founder. It’s an irregular importer, primarily dealing in iron or steel products, with the last import operation occurring in August 2024. The company operates within the specialised construction activities industry.

The company’s website is currently unavailable, so it’s difficult to assess its online presence or e-commerce activities.

Financially, Deep Grc London Ltd presents a mixed picture. While turnover increased significantly by 76%, reaching £11 million, net assets also rose substantially, reaching £1.2 million. However, the company’s losses deepened, reaching -£940,000. Bank borrowings increased by a considerable 180%, reaching £1.9 million, and cash reserves decreased by 15%, settling at £1.6 million. Trade debtors increased by 190%, suggesting potential issues with customer payments, while creditors also rose by 60%. The company’s property, plant, and equipment saw a dramatic increase of 1200%, likely due to investment in machinery or vehicles. The company's auditors, Goodman Jones LLP, signed off on the accounts, stating that the financial statements were prepared in accordance with FRS 102.

The company's increased turnover suggests successful project acquisition, but the deepening losses and rising debt could indicate cost overruns or challenges in managing expenses. The increase in property, plant, and equipment suggests a commitment to expanding operations, but it also ties up capital. The company's reliance on a single owner and director, alongside its virtual address, could present management or operational risks.

Registered in England/Wales under the registration number 13090836, with a registered address at UB9 6TQ, England, Uxbridge, 14 Linden Square, Harefield.

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