Gb Diy Store Ltd

Gb Diy Store Ltd, based in Mansfield, UK, is a small, active company founded eight years ago. Employing eight people, the business holds £675,769 in assets and generates a yearly revenue of £2,114,456. It’s a family-run operation with two directors and two owners, operating a thriving e-commerce site and boasting a stellar 5.0 Google rating from 144 reviews. The company specialises in supplying uPVC window and door repair parts, with a comprehensive online catalog catering to both DIY enthusiasts and professionals.

The website, GB DIY Store, showcases a wide range of products, including window handles, hinges, locks, seals, and tools. It emphasizes same-day dispatch, over 2,500 products in stock, and expert advice, positioning itself as a one-stop shop for uPVC repair and maintenance needs. The site also highlights partnerships with trusted manufacturers like Yale, Versa, and Lockmaster, reinforcing its commitment to quality.

Financially, Gb Diy Store Ltd shows positive trends, but with some concerning shifts. Turnover increased by a healthy 26%, reaching £2,100,000, while gross profit rose 40% to £610,000. However, administrative expenses jumped 33% to £350,000, and net assets increased by 49% to £340,000. Cash reserves grew by 25% to £480,000, which is good, but interest payable surged by 560%, reaching £1,700—a potential sign of increased borrowing costs. Trade debtors increased significantly by 190%, suggesting customers are taking longer to pay. Despite these changes, the company’s small size (meeting two of three criteria for a small company) allows for agility. As a small company, it is exempt from an audit, so the financial statements are unaudited. Overall, Gb Diy Store Ltd appears to be doing well, but should keep a close eye on its borrowing costs and debtor management.

Registered in England/Wales under the registration number 10564051, with a registered address at NG19 0FR, England, Mansfield, Unit 1 Fox Covert Way, Forest Town.

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