Gerrymet Limited

Gerrymet Ltd, based in Taunton, UK, is a small, holding company with an active status, having been established 45 years ago in 1979. The company employs 12 people and maintains a real address, overseen by three directors and a single owner. It boasts a stellar 5.0 Google rating from seven reviews. Gerrymet regularly imports basic metal tools and utensils (44 months of import activity, last in September 2024) and exports them irregularly (just one month of export activity, last in September 2018).

The company's website reveals a specialist supplier of saw blades and tooling for both industrial and domestic woodworking use. It offers a wide range of products, from circular saw blades to spindle tooling, and even provides bespoke profiling services. The website highlights a focus on quality, experience (30 years), and customer service, with a dedicated section for latest news and a blog featuring updates and tips. The business also operates an e-commerce site, facilitating online sales and customer interaction.

However, a review of the company’s financial data paints a concerning picture. Assets have plummeted 100% to just £300, with cash reserves completely depleted. Bank borrowings have increased dramatically, reaching £29,000, while trade debtors have also risen significantly. Creditors have also decreased by 100%, suggesting a need to manage debts. The company meets the criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), which may explain some of the challenges. The number of employees has also decreased by 58%, which could be a result of the business ceasing operational activities and transferring its trade, assets, and liabilities to its parent company, EPS Services & Tooling Limited. With no auditor mentioned, the financial statements are unaudited.

In short, Gerrymet Ltd appears to be facing financial difficulties, despite its strong reputation and wide product range. The shift in operational activities and transfer of assets to its parent company suggests a strategic decision, but the sharp decline in assets and cash reserves raises concerns about the company's long-term viability.

Registered in England/Wales under the registration number 01447410, with a registered address at TA4 2TU, England, Taunton, Somerset, Unit 2 Sandys Moor, Wiveliscombe.

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