Garnet Publishing Limited

Garnet Publishing Ltd from Reading UK: a small, holding company with an active status, was founded 34 years ago in 1991. It employs 19 people and holds £763,168 in assets. With a real address and three directors, the company is owned by one person. It regularly imports printed materials like books, newspapers, and pictures—four months of import activity recorded—and exports similar materials, with 17 months of export activity.

The company's website highlights its focus on the Middle East, publishing books in fields like architecture, art, cookery, and history. It even features a section dedicated to "The Great Books." The site lists a VAT registration number and details its registered office. It also mentions a partnership with International Investments S.A.L., which seems to be the ultimate controlling party.

Financially, Garnet Publishing Ltd shows some concerning trends. Net assets decreased by 1.3% to £440,000, and cash reserves fell 17% to £29,000. Bank overdrafts disappeared completely, which is a good sign, but trade debtors increased by 13%, which could indicate payment issues. The company meets the criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 0 employees. No auditor is mentioned, which is common for small companies.

The company’s holding status suggests it may have other investments or subsidiaries—though these aren’t explicitly detailed. The reliance on International Investments S.A.L. for ongoing support, as noted in the auditor’s statement, is a factor to consider, and it's a bit worrying.

Registered in England/Wales under the registration number 02587010, with a registered address at RG1 4QS, Reading, Berkshire,, Unit 8, Southern Court, South Street.

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