Gct Limited
- Small
- Active
- 8 years
- 2 employees
- £288,847 (assets)
- Virtual address
- 2 directors
- 2 owners
- Regular importer
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Social media
Summary
Gct Ltd from Little Eaton UK is a small, active company founded eight years ago. With just two employees and £288,847 in assets, it operates from a virtual address – a point of note as seventy other companies are registered at the same location. The company is run by two directors and two owners, and it runs an e-commerce site. Gct Ltd is a regular importer of ceramic products, with three months of import activity recorded as of May 2024.
The company’s website, globalcuttingtechnologies.co.uk, reveals a much larger operation. It specializes in industrial cutting machines and systems, offering a wide range of products from die cutting presses to water jet cutting machines. They also provide contract cutting services and consultancy, catering to industries like automotive, medical, and packaging. The site’s extensive product catalog and detailed application descriptions demonstrate a focus on technical expertise and customer support.
Financially, Gct Ltd’s report shows some concerning trends. Current assets have decreased by 27% to £290,000, and net assets have fallen by 23% to £250,000. Bank borrowings have remained stable, but cash reserves have plummeted 42% to £150,000. Creditors have also decreased by 22%, which could indicate better debt management. The company’s small size – meeting two of three criteria for a small company – helps it remain flexible, but the decline in equity is a cause for concern. The report does not mention an auditor, which is likely due to its status as a small company and exemption from an audit.
The company’s property plant and equipment has also seen a sharp decline, dropping 38% to £24,000. This could be due to depreciation or asset sales, but it adds to the picture of a company facing financial pressure. Despite these challenges, Gct Ltd's website suggests a strong technical focus and a commitment to customer service. It's unclear whether these strengths will be enough to offset the financial headwinds, but the company’s extensive range of products and services positions it well to serve a diverse range of industrial customers.
Registered in England/Wales under the registration number 10650543, with a registered address at DE21 5EL, United Kingdom, Little Eaton, Derby, First Floor Sterling House, Outrams Wharf.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 7 years
- 25%+
-
Resident of United Kingdom
-
Individual
- 7 years
- 1
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 4 years
- 2
-
Resident of United Kingdom
-
Individual
- 7 years
- 2
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted eleven months ago.
Last news
-
Total exemption full accounts made up to 2024-05-31Download 8 pages pdf report
-
Confirmation statement made on 2024-07-21 with no updatesDownload 3 pages pdf report
-
Director's details changed for Mr Igor Petrovic on 2021-04-30Download 2 pages pdf report
Importer profile by HS codes
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Last imported products
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FAQ about Gct Limited
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