Garnett Controls Limited

Garnett Controls Ltd from Huddersfield UK is a small holding company with an active status, established 34 years ago in 1990. The company employs seven people and holds £843,435 in assets, operating from a virtual address shared by twelve other companies. It’s managed by three directors and owned by Mandjb Holdings Ltd. Garnett Controls regularly imports and exports optical and medical tools and devices, with four months of import activity and sixty-three months of export activity. The company’s website is currently unavailable, making it difficult to assess its online presence or e-commerce activities.

The company operates in the manufacture of machinery for textile, apparel and leather production industries. It's a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s financial health presents a mixed picture. While current assets increased by 29% to £840,000, net assets grew by only 14% to £480,000. Bank borrowings surged by 400% to £50,000, and cash reserves plummeted 96% to just £2,100. Creditors increased by 59% to £360,000, and trade debtors ballooned by 51% to £830,000. These changes could be attributed to increased sales or changes in payment terms, but the sharp decline in cash reserves is a cause for concern.

The company’s reliance on bank borrowings to fund operations suggests it might be burning through cash faster than it’s generating it. The increase in trade debtors could indicate delayed customer payments, which could further strain its cash flow. The lack of an auditor mentioned (likely exempt as a small company) means the financial statements are unaudited, so the numbers should be viewed with some caution. Despite these challenges, the company's long-standing presence in the market and its focus on a specialized industry suggest it has the potential to navigate these pressures.

Registered in England/Wales under the registration number 02510672, with a registered address at HD1 4EN, England, Huddersfield, 12 Greenhead Road.

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