Galleon Supplies Limited

Galleon Supplies Ltd from Coventry, UK, is a small holding company with an active status, established fifteen years ago in 2010. The company employs fifteen people and holds assets totaling £2,131,122. It operates from a real address and is managed by two directors and one owner. Galleon Supplies regularly imports various textile products, sets, used clothing, and rags (for seven months), and exports paper and paperboard products (for five months).

The company's website showcases a broad range of cleaning supplies and janitorial products, catering to both commercial and industrial clients. It’s a comprehensive e-commerce platform, selling everything from washroom supplies and medical equipment to blue rolls and safety signage. The site even features a blog with articles on topics like spring cleaning and safety in the workplace, suggesting a desire to position itself as an industry expert.

Financially, Galleon Supplies Ltd presents a mixed picture. While bank borrowings have decreased by a significant 34%, cash reserves have fallen by a substantial 75% to £220,000. Debtors have more than doubled, reaching £1,600,000, which could indicate increased sales but also potential payment delays. On the positive side, creditors have decreased by 8.7%, suggesting better debt management. The company qualifies as a small business, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The sharp decline in cash, however, is a concern. The company’s financial statements are unaudited, a common practice for small entities.

The surge in directors' advances and credits is also notable, increasing by 200% to £1,200,000, and then being partially repaid, which could be a sign of internal funding or a complex financial structure. Overall, Galleon Supplies Ltd appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 07120532, with a registered address at CV6 5HE, Coventry, West Midlands, Unit 1 Eden Street.

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