George Martin Limited

George Martin Limited, based in Basildon, UK, is a large holding company with an active status, celebrating 62 years since its founding in 1962. Despite employing just four people, the company holds significant assets—£7,681,681—and generates £7,523,566 in yearly revenue. The company’s registered address is a virtual one, as eighteen companies share the same location, which is a red flag. It’s managed by five directors and has one owner, Joseph Toomey Charitable Foundation. The company is an irregular importer, specializing in furniture, lighting, and prefabricated buildings, with import activity spanning one month, the last being March 2024.

George Martin Limited operates as a property development and management company, with a rich portfolio expanded over six decades. Its website showcases residential and commercial projects, including new builds, showroom refurbishments, and retirement apartments. The company’s ethos centers on delivering high-quality standards with optimal results, acting with integrity, and maintaining a local-focused approach. It even has a history of constructing prestigious buildings, such as the MJT Securities Group Headquarters and automotive dealerships for the Toomey Group.

Financially, the picture is mixed. While turnover increased by a substantial 200% to £7,500,000, net assets decreased by 36% to -£910,000. Cash reserves fell 19% to -£5,400,000, and bank borrowings increased by 19%, reaching -£5,400,000. Creditors decreased by 63%, which is a positive sign, suggesting improved debt management. The company’s administrative expenses increased by 17%, and staff costs rose by 26%, reflecting ongoing operational costs. Despite these challenges, the company’s ability to significantly increase turnover suggests a growing demand for its services. With no auditor mentioned, the financial statements are unaudited.

The company’s reliance on a virtual address and the decline in equity raise questions about its long-term financial health, but its history of successful projects and growing revenue demonstrate its ability to adapt and thrive in the competitive property market.

Registered in England/Wales under the registration number 00734543, with a registered address at SS15 6RW, Basildon, Essex, Service House, West Mayne.

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