Genco Water Ltd

Genco Water Ltd, based in King's Lynn, UK, is a small holding company with an active status, established six years ago in 4th March 2019. It employs eight people and holds £608,027 in assets, operating from a virtual address shared by seventeen other companies. The company is led by four directors and has one owner, although the list of owners changed four years ago. Genco Water Ltd is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with the latest import activity recorded two months ago in November 2024.

The company’s website, currently under construction, promises a new online presence “coming soon,” and provides a phone number and email address. It also lists a physical address: 16A Bryggen Road, Kings Lynn, PE30 2HZ. The site’s limited content suggests a focus on water collection, treatment, and supply, as well as construction of water projects and environmental consulting activities.

Financially, Genco Water Ltd presents a mixed picture. Current assets have decreased by 16% to £610,000, while net assets have fallen by 19% to £230,000. Cash reserves have seen a significant drop of 280%, now standing at £200,000. However, bank borrowings have increased, and trade debtors have plummeted by 47%, which could indicate improved collection efforts. Staff costs have risen by 23%, reaching £300,000, reflecting a possible investment in personnel. Despite meeting two of three criteria to be considered a small company, the decline in equity raises concerns. With no auditor mentioned, the figures are unaudited.

In conclusion, Genco Water Ltd seems to be navigating a period of change, with both challenges and opportunities ahead. The company’s focus on water-related services, combined with its lean structure, could position it for future growth—but the recent financial trends warrant close monitoring.

Registered in England/Wales under the registration number 11866006, with a registered address at PE30 5BY, England, King's Lynn, Norfolk, Clenshaw Minns King's Lynn Innovation Centre, 1 Innovation Drive.

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