Galliard Construction Limited

Galliard Construction Limited, based in Loughton, UK, is a large, holding company with an active status. Founded 29 years ago in 1996, the company holds substantial assets, reported at £40,094,880. It operates from a virtual address, a point of note given that thirty-two companies are registered at the same location. Six directors and one owner (though this list may not be exhaustive) oversee the business, which boasts a 3.0 Google rating based on thirty reviews. The company is a regular importer of furniture, lighting, and prefabricated buildings, with 57 months of import activity recorded, the most recent in August 2024.

Galliard Construction Limited operates as a property developer, with a website showcasing a wide range of developments across London, Birmingham, Suffolk, and West Sussex. It’s not an e-commerce site in the traditional sense; instead, it functions as a marketing platform for its properties, allowing potential buyers to search by location, price range, and number of bedrooms. The website highlights new builds, off-plan opportunities, and ready-to-move-in properties, emphasizing luxury apartments, penthouses, and townhouses. It also offers virtual viewings and guides for first-time buyers and investors. The company’s website also promotes its piano restoration business, 1066 Pianos, which operates from Cambridge and has a showroom in Harrods.

Financially, Galliard Construction Limited’s recent performance presents a mixed picture. While current assets increased by 40% to £40 million, net assets plummeted 320% to -£9.1 million. Bank borrowings surged by 1700%, reaching £12 million, and cash reserves fell 57% to £1.1 million. Creditors increased by 68%, suggesting a reliance on external financing. The company’s size (meeting two of three criteria for a large company) and the lack of an auditor mentioned (likely exempt) mean the figures rely on unaudited statements. Interest income on bank deposits, however, increased by a substantial 230%.

The sharp decline in equity, despite increased assets, raises concerns about the company’s financial health. It’s possible that the company is investing heavily in new developments, leading to short-term losses. The increase in borrowings suggests a need for external funding to support these investments. While the company’s website projects an image of success and growth, the underlying financials indicate a period of financial strain.

Registered in England/Wales under the registration number 03156120, with a registered address at IG10 3TS, England, Loughton, Essex, 3rd Floor, Sterling House, Langston Road.

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