G.b. Innomech Limited

Gb Innomech Ltd, based in Ely, UK, is a small, active company founded 35 years ago. With six employees and £267,589 in assets, it’s a well-established operation boasting a perfect 5.0 Google rating from two reviews. The company has four directors and three owners, operating from a real address at The Innovation Centre. It’s a regular importer of machinery, boilers, and mechanical appliances, with three months of import activity recorded, the latest in April 2024. It also engages in irregular exporting of optical and medical tools, with one month of export activity as of July 2023.

The company’s website highlights its focus on designing, developing, and producing innovative special-purpose automation machines for the manufacturing industry. It offers services including design and build, system integration, consultancy, and machine refurbishment, targeting sectors like medical device manufacturing, industrial automation, and laboratory automation. They have a lot of experience and a multidisciplinary team.

Financially, Gb Innomech Ltd shows some concerning trends. Net assets have fallen significantly, dropping 69% to £110,000. Cash reserves have also declined, falling 24% to £140,000. Trade debtors have decreased by a large 66%, which could be a positive sign of better collection practices, but the sharp drop in equity is a red flag. Bank borrowings have increased, and creditors are down a bit. With no auditor mentioned, the unaudited figures rely on director-reported data.

The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the recent financial pressures suggest a need for careful management. It seems like they’re doing well with their automation services, but the numbers need to improve.

Registered in England/Wales under the registration number 02465226, with a registered address at CB6 2HZ, Ely, Cambridgeshire, The Innovation Centre, Witchford.

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