Gala Lights Ltd

Gala Lights Ltd from Aylesford UK: small company, holding company, active status, founded 16 years ago, 8 employees, £3,234,096 assets, real address, 4 directors, 2 owners, google rating 5.0 based on 4 reviews. Regular importer of furniture, lighting, and prefabricated buildings (32 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store industries.

Gala Lights Ltd specializes in illuminating towns, cities, and Business Improvement Districts (BIDs) throughout the UK. They design and manufacture decorations in-house, using energy-efficient LED lights to illuminate trees, streets, and buildings, and even create bespoke 3D centrepieces. Their website highlights a focus on Christmas, Diwali, and Halloween decorations, alongside sustainable lighting solutions and bespoke displays for town and city centres. The company offers a comprehensive service, from initial site survey and design consultation to installation, maintenance, and storage. It seems like they are very proud of their work, and rightly so.

Financially, Gala Lights Ltd shows some interesting trends. Current assets increased by a modest 6.9% to £3.2 million, while net assets grew by 4.8% to £1.7 million. However, cash reserves dipped 19% to £290,000. Bank borrowings surged by 2,400%, reaching £29,000, and creditors rose 10% to £1.9 million. The company’s average number of employees increased by 12% to nine, which could reflect increased demand or expansion of services. The company’s auditor, Azets Audit Services, has delivered an unqualified opinion on the financial statements. Despite the increase in bank borrowings, the company appears to be in a stable position, though it would be good to see cash reserves increase in the future.

Registered in England/Wales under the registration number 06612708, with a registered address at ME20 7NT, Aylesford, Kent, Unit 10 Britannia Business Park, Quarry Wood Industrial Estate.

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