Geraldine Larkin Limited

Geraldine Larkin Limited is a small, active company based in London, UK, founded sixteen years ago in 2009. The company, with two employees and £225,262 in assets, operates from a virtual address – eighty-eight companies registered at the same location – and is led by a single director and owner, Geraldine Mary Larkin. It’s a regular importer of special woven and decorative fabrics, with three months of import activity recorded, the latest in November 2024. The company’s website indicates it operates in the specialised design activities industries.

The business appears to be a niche operation, focusing on importing fabrics for design purposes. While a website isn't available to examine, the import focus suggests a B2B model rather than direct-to-consumer retail. The single director and owner structure points to a lean, owner-managed business.

Financially, Geraldine Larkin Limited is showing some concerning trends. While bank borrowings increased slightly, cash reserves have plummeted a staggering 95%, leaving just £5,500 remaining. Net assets have also taken a hit, falling by 190% to -£56,000, indicating significant losses. Creditors have risen by 11%, and trade debtors have increased by 12%, suggesting potential difficulties managing 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 substantial equity decline is a red flag. The accounts are unaudited, and no auditor is mentioned.

The sharp decline in cash reserves and negative equity suggest Geraldine Larkin Limited is burning through money at a concerning rate. While the import business may be stable, the company needs to address its financial situation to ensure long-term viability. It’s possible the company is reinvesting heavily in its business, but without further information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 06863836, with a registered address at N3 2FG, London, 1st Floor Gallery Court, 28 Arcadia Avenue.

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