Genan Limited

Genan Ltd from Warwick, UK, is a small, active company founded sixteen years ago in 2008. Employing just one person, it holds assets of £857,975 and generates yearly revenue of £2,839,226. While it operates an e-commerce site, its registered address is a virtual one, shared by 171 other companies, which raises some questions. The company is run by two directors, but has no listed owners, which is fairly common for small businesses.

Genan Ltd specializes in the recovery of sorted materials, and is a regular importer of rubber and rubber products, with 30 months of import activity recorded. It exports these products irregularly, with just one month of export activity. The company's website showcases a wide range of adhesives, from artificial grass adhesives to wood glues, catering to various industries. It even offers bespoke adhesive formulations and contract packaging services.

Financially, Genan Ltd shows some interesting trends. Cash reserves have increased significantly, jumping 5700% to £310,000. However, administrative expenses have decreased slightly, falling by 3.8% to £150,000. Trade debtors have decreased substantially, dropping 48% to £310,000, which could indicate improved collection practices. Bank borrowings have also decreased, and the company’s net assets have increased by a healthy 88% to £530,000. The company meets the criteria to be considered a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees.

The company’s financial statements are unaudited, and there is no auditor mentioned. While the increase in cash reserves is a positive sign, the decrease in trade debtors might suggest a reliance on credit sales. It's a little unclear why the company has so many creditors, but it’s probably just a normal fluctuation.

Registered in England/Wales under the registration number 06761240, with a registered address at CV34 6UW, United Kingdom, Warwick, Innovation Centre, Gallows Hill.

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