G. John Power Limited

G. John Power Limited, based in Halesowen, UK, is a small, family-run business with a long history, having been founded 78 years ago in 1947. The company, currently active, employs 14 people and holds assets valued at £8,242,570. It operates from a virtual address – a detail worth noting as 113 companies are registered at the same location – and is managed by two directors and two owners. Regular imports of iron and steel, spanning 15 months with the latest in January 2025, are a key part of its operations. The company specializes in the cold drawing of wire.

While the company's website is not available for review, its financial data paints a complex picture. Current assets increased by 6% to £8.2 million, while net assets grew by 4.9% to £7.9 million. However, trade debtors increased by 9.4% to £630,000, and creditors rose by 33% to £230,000. Bank borrowings increased by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. The company's auditor is Nicklin Audit Limited.

The increase in trade debtors could indicate a shift in payment terms or a period of slower customer payments, while the rise in creditors suggests increased reliance on short-term financing. The decrease in cash reserves, despite the increase in overall assets, warrants further investigation. It’s possible the company is investing in growth initiatives, but it's also possible it's burning through cash faster than it's generating it. The company's financial statements are unaudited, as is typical for small companies.

Registered in England/Wales under the registration number 00436185, with a registered address at B63 3TT, United Kingdom, Halesowen, West Midlands, Church Court, Stourbridge Road.

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