Gemskill Limited

Gemskill Ltd from Castleford UK: a small, active company founded 24 years ago, employs eight people, and holds £159,039 in assets. It’s a family business with three directors and four owners, operating an e-commerce site and regularly importing machinery, boilers, and mechanical appliances – parts were last imported three months ago. The company’s registered address is real, with only one other company registered there.

Gemskill Ltd specialises in the manufacture of other special-purpose machinery, and its website showcases a wide range of products, including router cutters, groove knives, Teflon saw blades, and new machines. The site also highlights its expertise in window machinery, aluminium machinery, and UPVC machinery, offering both individual machines and full production setups. It’s clear the company caters to the window industry, offering consumables and machinery spares alongside its core machinery sales. The website also has a section for new machines and a winter sale, suggesting a focus on competitive pricing and customer engagement.

Financially, Gemskill Ltd presents a mixed picture. Current assets decreased by 22%, while net assets also declined by 33% to £72,000. Bank borrowings were reduced by 34%, and cash reserves fell by a significant 89% to just £170. Creditors were reduced by 68%, suggesting better debt management, but the drop in cash reserves is concerning. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, relying on unaudited statements. The decrease in assets and cash reserves could be attributed to increased investment in inventory or expansion efforts, but it warrants close monitoring. The company’s focus on specialized machinery and its family-run structure may provide resilience in a competitive market, but the financial figures suggest a need for careful management.

Registered in England/Wales under the registration number 04050341, with a registered address at WF10 1LX, England, Castleford, Block4, Methley Road Industrial Estate, Methley Road.

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