Garwood Europe Limited
- Small
- Active
- 23 years
- 4 employees
- £476,737 (assets)
- Virtual address
- 2 directors
- 2 owners
- Regular importer
- Irregular exporter
- Family business
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Garwood Europe Ltd, based in Shropshire, UK, is a small, family-run business with an active status, celebrating 23 years since its founding. With just four employees and £476,737 in assets, it operates from a virtual address, a detail that raises a few questions. Two directors and two owners manage the company, which regularly imports machinery, boilers, and mechanical appliances—parts, with the latest import in December 2024. It also exports vehicles, parts, and accessories irregularly, the last shipment occurring in October 2024.
The company's website, Garwood International Australia, focuses on rear loaders for the waste collection industry. It boasts over 30 years of experience and emphasizes reliability, Aussie ownership, and tough, well-designed products. The site highlights rear loaders, side loaders, weigh scales, and even offers second-hand vehicles and hire trucks. Recent posts promote its 100% electric compact sweeper and feature articles in industry magazines. The site also includes a widget area, demonstrating an attempt at online engagement.
Financially, Garwood Europe Ltd presents a mixed picture. Cash reserves increased by a respectable 18% to £310,000, but creditors decreased by 12% to £510,000. A significant drop in deferred tax assets was observed, decreasing by 100% to £22,000. While the company’s small size (meeting two of three criteria for a small business) provides flexibility, the decrease in equity—a 53% drop to -£59,000—is concerning. The increase in debtors by 370% to £64,000, however, could indicate expanding sales or potentially delayed payments. The company’s accounts are unaudited, likely due to its small size, and no auditor is mentioned.
Overall, Garwood Europe Ltd seems to be navigating a period of change. While its cash position is improving, the decline in equity suggests it’s burning through money. The management structure, with two directors, appears stable, but the company’s reliance on a virtual address and the lack of detailed financial reporting raises a few questions about its long-term sustainability.
Registered in England/Wales under the registration number 04333504, with a registered address at SY3 7FA, Shropshire, 1 Brassey Road, Old Potts Way, Shrewsbury.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 9 years
- 25%+
-
Resident of Australia
-
Individual
- 9 years
- 25%+
-
Resident of Australia
Managers
-
Individual
- 23 years
-
Resident of Australia
-
Individual
- 23 years
-
Resident of Australia
Last reports
The latest confirmation statement submitted seven months ago.
Last news
-
Confirmation statement made on 2024-12-04 with updatesDownload 4 pages pdf report
-
Total exemption full accounts made up to 2024-02-29Download 8 pages pdf report
-
Change of details for Leslie James Mchugh as a person with significant control on 2022-07-22Download 2 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Garwood Europe Limited
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