Geeplus Europe Limited

Geeplus Europe Ltd from Croydon UK: a small, active company founded 41 years ago, employs 37 people, and holds £6,721,773 in assets. It operates from a virtual address, managed by two directors with no reported owners, and enjoys a perfect 5.0 Google rating from just two reviews. The company regularly imports and exports electrical machinery and equipment, with 247 months of import activity and 233 months of export activity recorded.

Geeplus is a worldwide leader in standard and custom solenoids, voice coil motors, and other small actuation devices. Its website showcases a wide range of products, including actuators, motors, and control circuits, catering to industries like medical, automotive, and industrial automation. The company offers both standard and custom solutions, emphasizing quality and innovation. It has offices in Europe, the USA, and Asia.

Financially, Geeplus Europe Ltd shows some interesting trends. While current assets increased slightly to £6,700,000, net assets decreased by 7.1% to £6,800,000. Bank borrowings decreased by 30% to £620,000, and cash reserves fell 52% to £620,000. Creditors decreased by 35% to £860,000, suggesting improved debt management. Trade debtors increased by 40% to £1,800,000, which could be a sign of growth, but also a risk if payments aren't collected promptly. 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 stay agile. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Overall, Geeplus Europe Ltd appears to be a stable, long-standing business, but the decrease in cash reserves and increase in trade debtors warrants closer monitoring. The company’s focus on specialized components and global reach positions it well for continued success, but managing working capital effectively will be key.

Registered in England/Wales under the registration number 01742051, with a registered address at CR0 1AA, England, Croydon, Surrey, Kings Parade, Lower Coombe Street.

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