Gardenprime Limited

Gardenprime Limited, based in Long Newton, UK, is a small, active company established seven years ago in 2017. With a single employee and £329,978 in assets, it operates from a real address and is managed by two directors and owners. The business runs an e-commerce site and is an irregular importer, primarily dealing in iron or steel products, with its last import operation occurring two months ago in October 2022. It’s involved in wholesale household goods, retail via mail order, and packaging activities.

The company’s website is minimal, suggesting a focus on backend operations rather than direct consumer engagement. It’s likely the e-commerce site serves as a platform for business-to-business transactions, given the import activities and wholesale focus.

Financially, Gardenprime Limited presents a mixed picture. Accumulated amortisation impairment for intangible assets increased by 60%, while accumulated depreciation for property, plant, and equipment rose by 63%. A significant decrease of 42% was observed in the amount of specific advances or credit given to directors, and a similar 49% drop occurred in the amount repaid by them. Cash bank on hand saw a modest increase of 9.7%. However, creditors increased by 20%, and debtors jumped by a substantial 60%. Most concerning is the dramatic 740% increase in accumulated losses, pushing net equity to a negative £25,000. While the company’s small size (meeting two of three conditions for a small company) allows for agility, the sharp decline in equity suggests potential financial strain. There's no mention of an auditor, likely due to the company’s exemption as a small entity.

The company’s reliance on irregular imports of iron or steel products could be a vulnerability, as supply chain disruptions could significantly impact its operations. It's clear that while Gardenprime Limited has a solid foundation, it's facing challenges in maintaining profitability and building equity.

Registered in England/Wales under the registration number 10848598, with a registered address at TS21 1PJ, United Kingdom, Long Newton, 31 White House Croft.

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