Gaffco Ltd

Gaffco Ltd, based in Leicester, UK, is a small holding company with an active status, established four years ago. Employing just three people, the company holds £160,174 in assets and operates from a real address, overseen by one director and owner. It regularly imports clothing and accessories (excluding knitted or crocheted items) – six months of import activity were recorded, with the latest in May 2024 – but has only exported sporadically, with one month of activity recorded back in October 2020.

The company’s website, sggaffcoltd.com, showcases a wide range of garment trimmings and accessories, including badges, patches, boucle, rhinestones, buttons, and zips. It operates as a wholesale supplier, offering a diverse catalog for fashion designers and manufacturers. The site highlights a commitment to providing “the widest variety of supplies” and offers bespoke sampling services to meet customer needs. It also has a section for corporate responsibility, including a supplier code of conduct and modern slavery disclosure statement.

Financially, Gaffco Ltd presents a mixed picture. Current assets have decreased by 13% to £160,000, while net assets have fallen by 5.3% to £29,000. Bank borrowings have increased, and cash reserves have declined significantly – 63% to £540. Trade debtors have seen a dramatic drop – 75% – which could indicate improved collections or a shift in sales patterns. The company meets the criteria for a small entity, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it is exempt from an audit, and the figures are unaudited.

Despite the decrease in assets, the company’s focus on providing a wide range of trimmings and accessories, coupled with its bespoke service offerings, suggests a continued effort to maintain its position in the market. The decrease in debtors is a positive sign, but the decline in cash reserves warrants attention. The company’s website indicates a focus on customer service and corporate responsibility, which could help it navigate the challenges ahead.

Registered in England/Wales under the registration number 12667897, with a registered address at LE2 0AA, England, Leicester, 11 Beal Street.

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