Gemini Adhesives Limited

Gemini Adhesives Ltd, based in Leicester, UK, is a small, active company founded 22 years ago in 2003. Employing seven people, the company holds just £600 in assets—a surprisingly low figure—and is run by a solo founder who also serves as director and owner. Accounts and confirmation statements are both overdue by a year, a potential red flag. The company operates in the retail sector, selling spray adhesives and flexible flooring extrusions, as evidenced by its website. They also import machinery, boilers, and mechanical appliances, though this activity is irregular, with the last import recorded over seven years ago.

The company’s website, Gemini Adhesives, showcases a range of spray adhesives and flooring profiles, emphasizing technological advancement and environmentally friendly practices. They offer free shipping on orders over £250 and provide bespoke discounts for trade accounts. The site highlights special offers, product videos, and a commitment to innovation, suggesting a focus on customer engagement and market relevance. They also offer bespoke adhesives and extrusions, catering to specific client needs.

Financially, Gemini Adhesives Ltd presents a concerning picture. Current assets have plummeted by an astonishing 99.7% to just £600, while net assets have suffered a similar dramatic drop. Bank borrowings have increased by 1,700%, reaching £29,000, and cash reserves have vanished completely. Trade debtors have also increased significantly. While the company meets the criteria for a small business (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the sharp decline in assets and the reliance on borrowing raise questions about its financial health. No auditor is mentioned, likely due to the company's small size and exemption from an audit.

In short, Gemini Adhesives Ltd is facing significant financial challenges, despite a well-presented website and a focus on specialized products. The company's future hinges on its ability to stabilize its finances and maintain its customer base.

Registered in England/Wales under the registration number 04743322, with a registered address at LE12 9TB, Leicester, Leicestershire, New Building, Top Road Osgathorpe.

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