Gem Blinds Ltd

Gem Blinds Ltd from Oldbury UK: small company, active status, founded 14 years ago, accounts overdue 7 years, confirmation overdue 6 years, real address, 2 directors, 1 owner, solo founder, google rating 3.0 based on 7 reviews. Irregular importer of electrical machinery and equipment (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 operates in the manufacture of office and shop furniture industries. Officially, it has one owner or PSCs, two directors and no number of employees published.

The company’s website, gemblinds.co.uk, appears to be non-functional, displaying a simple “under construction” message. This suggests a lack of active online sales or marketing efforts, relying instead on offline channels or word-of-mouth. It's not clear if the website was ever fully operational or if it's a recent initiative.

Financially, Gem Blinds Ltd presents a mixed picture. While cash reserves increased by a respectable 44% to £4,900, creditors have surged by a substantial 45% to £150,000. This suggests the company is relying more on borrowed funds to cover its expenses, which could be a concern. Trade debtors have also risen by 25% to £130,000, which could mean customers are taking longer to pay. On a positive note, stocks and inventory have increased by 13% to £87,000, indicating a healthy level of product availability. The company’s small size helps it stay agile, but the increase in creditors raises questions. With no auditor mentioned, the figures rely on unaudited statements.

The company’s financial data reveals a concerning trend. Net assets have decreased by 11% to £76,000, indicating a gradual erosion of equity. Tangible fixed assets have also declined by 20% to £4,600. While the company has managed to maintain a positive cash flow, the increasing debt levels and declining asset base suggest it's operating close to the edge. It is possible that the company is experiencing a period of growth, but it’s also possible that it’s struggling to manage its finances effectively. The accounts are in accordance with special provisions companies act relating to small companies.

Registered in England/Wales under the registration number 07323617, with a registered address at B69 3EX, Oldbury, West Midlands, Unit6-9 Anglo African Industrial Estate, Union Road.

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