Genassi Ltd

Genassi Ltd from London UK: a small, active company founded six years ago, is currently facing some financial challenges with accounts overdue for 10 months and confirmation overdue for 2 years. Employing just two people and holding £8,082 in assets, it's a modest operation managed by a single director and owner. The company’s registered address is real, with only eight companies registered at the same location.

The company's website, Ganassi Design, showcases a focus on kiosk store design, displays, and visual merchandising, offering custom manufacturing and installation services. It seems like they’re operating an ecommerce business, offering design and manufacturing services rather than selling finished products. The website highlights "Functionality Design" and mentions a "More" tab for menu navigation, suggesting a user-friendly online presence.

Looking at the financial data, Genassi Ltd’s situation is a bit concerning. While cash in the bank has drastically reduced by 97% to just £320, and net assets have plummeted 130% to -£1800, creditors have increased significantly by 220% to £9,900. This suggests the company is struggling to manage its short-term liabilities. Trade debtors have remained consistent, and there’s been no change in the number of employees. The company is exempt from an audit, and the accounts are abridged. It's worth noting that the company’s retained earnings have also suffered a significant drop.

Overall, Genassi Ltd appears to be facing financial headwinds. The decline in cash reserves and the increase in creditors suggest the company is burning through money faster than it's bringing it in. While the design services offered through Ganassi Design might be in demand, the company needs to address its cash flow issues to ensure its long-term viability. It's possible that the company is in a transitional phase, reinvesting in growth, but the current numbers paint a picture of a business under pressure.

Registered in England/Wales under the registration number 11504909, with a registered address at SE17 2NP, London, 128 Merrow Street.

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