G B Springs Limited

Gb Springs Ltd, based in Wolverhampton, UK, is a small, active company founded 26 years ago. With four employees and £547,307 in assets, it operates from a virtual address—a point to note as sixty-five companies are registered at the same location. The company is managed by three directors and owned by two individuals. It regularly imports iron or steel products, with 41 months of import activity recorded, and occasionally exports vehicles, parts, and accessories, with just two months of export activity.

The company’s presence on the Assemble platform—a website dedicated to British manufacturing and engineering—suggests a focus on B2B sales within the motor vehicle parts and accessories industries. The site lists the company as a member, promoting its expertise and seeking to expand its supply chain. It's clear they're aiming to increase visibility online.

Financially, Gb Springs Ltd’s recent performance shows some concerning trends. Current assets have fallen by 12% to £550,000, while net assets have decreased by 5.5% to £310,000. Cash reserves have also declined by 22% to £44,000. Trade debtors have increased by 6% to £190,000, and creditors have fallen by 38% to £92,000. The company’s size—meeting two of three conditions to be considered small—allows for agility, but the decrease in equity and cash reserves could indicate financial pressure. No auditor is mentioned, which is likely due to the company’s small size and exemption from an audit.

The company’s recent increase in other taxation and social security payable by 120% is a worrying sign, but the decrease in creditors suggests better debt management. Overall, Gb Springs Ltd appears to be facing some financial headwinds, but its presence on the Assemble platform suggests a continued effort to connect with the manufacturing community and secure new business opportunities.

Registered in England/Wales under the registration number 03702966, with a registered address at WV1 4DG, England, Wolverhampton, West Midlands, 34 Waterloo Road.

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