Gateremotes Limited

Gateremotes Ltd from Doncaster UK is a small, active company founded 16 years ago. With eight employees and £356,783 in assets, it’s a family business boasting a perfect 5.0 Google rating from 17 reviews. The company regularly imports electrical machinery and equipment, with seven months of import activity recorded. It has a real address and is run by one director and two owners.

The company’s website, Gateremotes, specializes in remote controls for gates, garage doors, shutters, and barriers. It offers a range of options, including keyword searches, filters by manufacturer, and even the ability to upload a photo of an existing remote for identification. The site also sells accessories like wall car vent holders and offers universal cloning remotes. It's clear they are focused on a niche market, providing solutions for automated access systems.

Financially, Gateremotes Ltd shows a mixed picture. Current assets decreased by 19% to £360,000, while net assets fell 18% to £250,000. Bank borrowings increased by 2,400% to £29,000, and cash reserves dropped 38% to £110,000. Creditors decreased by 24% to £120,000, suggesting better debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures rely on unaudited statements.

The increase in bank borrowings and decrease in cash reserves are concerning, suggesting the company may be burning through money. However, the decrease in creditors and the positive Google reviews indicate that it's managing its debts and providing good customer service. It’d be interesting to see if the recent increase in bank borrowings is linked to investments in the business, or if it's a sign of financial strain.

Registered in England/Wales under the registration number 06803728, with a registered address at DN6 0DD, Doncaster, South Yorkshire, Unit 57 Askern Industrial Estate, Askern.

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