Gb Rentals Limited

Gb Rentals Ltd from Leominster UK: small company, active status, founded 16 years ago, £304,135 assets, virtual address, 2 directors, 2 owners. Irregular importer of machinery, boilers, and mechanical appliances; parts (1 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company was founded sixteen years ago on January 15, 2009, and registered at HR6 8DQ, Leominster, Herefordshire, West Lodge, Rainbow Street. The address is probably virtual as twenty seven companes registered at the same address. Its status is active. Officially, it has two owners or PSCs, two directors and no number of employees published. The company operates in the other retail sale not in stores, stalls or markets, the renting and leasing of other machinery, equipment and tangible goods n.e.c. industries. It is a irregular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling 1 months of imports. The last import operation was conducted on November 01, 2022.

There's not much information available regarding Gb Rentals Ltd's website, so it's difficult to determine if it operates as an e-commerce business. However, the company's involvement in renting and leasing machinery suggests a B2B focus, potentially serving construction or industrial clients. It's likely they don't have a large online presence.

Financially, Gb Rentals Ltd presents a mixed picture. While current assets have increased significantly to £300,000, a jump of 360%, net assets have decreased to -£85,000, a drop of 47%. Bank borrowings have increased dramatically, rising 1300% to £77,000, and cash reserves have also increased by 190% to £35,000. Creditors have also increased by 79% to £410,000. The company’s small size helps it stay agile, but the significant decrease in equity raises questions about its long-term financial health. It's worth noting that the company's directors, Graham Noel and Cummins John, are also listed as owners, and the lack of an auditor means these figures are unaudited.

The company's reliance on a virtual address, while not inherently problematic, could be a sign of cost-saving measures or a lack of physical presence. The increase in creditors suggests they are possibly relying on trade credit to manage cash flow. It’s possible that the company is experiencing a period of growth, but it’s also possible that it’s burning through cash to fuel that growth.

Registered in England/Wales under the registration number 06792048, with a registered address at HR6 8DQ, Leominster, Herefordshire, West Lodge, Rainbow Street.

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