General Merchandise International Limited

General Merchandise International Ltd, based in Netherfield, UK, is a small, active company founded fifteen years ago in 2010. With four employees and £648,243 in assets, it operates from a real address and is overseen by two directors and one owner. The company runs an e-commerce site and regularly imports furniture, lighting, and prefabricated buildings – twenty-six months of import activity recorded, with the latest in September 2024. It also exports miscellaneous manufactured goods, with nine months of export activity as of November 2024.

The company’s core business involves retail sale via mail order and via internet, as described by its industry classification. While the website doesn't offer a lot of detail, it’s clear the company is focused on online sales.

Financially, General Merchandise International Ltd presents a mixed picture. Current assets decreased by 4.1% to £650,000, while net assets remained steady at £240,000. Bank borrowings decreased by 6.8% to £180,000, and cash reserves increased by 57% to £180,000. Creditors also decreased by 5.5% to £520,000. Trade debtors, however, saw a significant drop of 55%, suggesting potential issues with customer payments. The company’s small size – meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees – allows for flexibility, but the decrease in debtors is something to keep an eye on. With no auditor mentioned, the financial statements are unaudited.

The company’s equity remained consistent, and it’s clear they are holding steady, though the decrease in debtors is something to keep an eye on.

Registered in England/Wales under the registration number 07128035, with a registered address at NG4 2PE, England, Netherfield, Nottingham, Unit 9 Mallard Road, Victoria Business Park.

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