Gemmtech Limited

Gemmtech Ltd from London UK: a small, active company founded fifteen years ago, operates with just two employees and holds £347,832 in assets. It’s a virtual address, with 4670 other companies registered at the same location, and is led by two directors and two owners – a solo founder at its core. The company is an irregular importer, having imported goods for just two months, with the last activity occurring in March 2021.

The company's website, gemmtech.co.uk, describes Gemmtech as a software company based in London, England. It’s a private limited company, and its business is design & manufacturing consultants. The site showcases a range of services, including software development, IT consultancy, and project management. While the site doesn't explicitly mention e-commerce, it does highlight the company’s expertise in delivering bespoke software solutions for businesses.

Financially, Gemmtech Ltd presents a mixed picture. Current assets have decreased by 3.5% to £350,000, while net assets have fallen by a more substantial 26% to £280,000. Bank cash has increased dramatically by 140% to £130,000, which is a positive sign. However, accrued liabilities have risen by 20%, and other creditors have jumped 350%, suggesting increased short-term debt obligations. Trade creditors have also increased by 180%, which could be related to the increased liabilities. 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 nimble, but the drop in equity is a concern. There's no mention of an auditor, likely due to the company's small size and exemption from an audit.

Registered in England/Wales under the registration number 07015593, with a registered address at EC1V 2NX, United Kingdom, London, 124 City Road.

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