Gamit Limited

Gamit Ltd from Stansted UK is a large, active company founded 34 years ago in 1990. Employing 19 people, it holds assets valued at £17,919,758 and operates from a real address. With seven directors and a solo founder, Muhiddin Kadri, the company regularly imports and exports electrical machinery and equipment, having imported for 77 months and exported for 185 months.

The company's website, gamit.co.uk, positions itself as specialists in aviation asset management. It’s an AMAC Aerospace company, offering services including material and logistics support, technical services, and digital records management. The site emphasizes its experienced management team and commitment to delivering expert support to airlines, MROs, and corporate aircraft owners. It’s clear that Gamit’s focus is on providing specialized services within the aviation sector, rather than direct e-commerce.

Financially, Gamit Ltd’s report shows some concerning trends. Accrued liabilities and deferred income increased by 19%, while bank borrowings surged a staggering 1800%, reaching £2 million. Cash bank on hand, however, plummeted by 95%, leaving just £57,000. While administrative expenses rose by 49%, the company’s profit loss deepened significantly, dropping 94% to just £260,000. Despite these challenges, the company’s trade debtors increased by 83%, suggesting a possible expansion of credit terms to customers. The company’s size, meeting two of three criteria for a large company, indicates it’s operating at a scale that requires careful financial management. The report doesn’t mention an auditor, which is likely due to the company’s size.

Overall, Gamit Ltd appears to be navigating a period of financial pressure, despite its established position within the aviation sector. The company’s reliance on a few key contracts and its high operating costs may be contributing to these challenges. It’s likely that the company is working to improve its cash flow and reduce its debt burden.

Registered in England/Wales under the registration number 02567171, with a registered address at CM24 8GF, Stansted, Essex, Buildings 21 & 22, M11 Business Link, Parsonage Lane.

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