Ggm Group Ltd

Ggm Group Ltd, based in Colne, UK, is a small, holding company with an active status, celebrating 25 years in business. Employing 37 people, the company holds assets totaling £4,188,850 and operates from a real address, overseen by five directors and one owner. Regular imports and exports are key to its operations, with a focus on machinery, boilers, and mechanical appliances, parts – 15 months of imports and 8 months of exports recorded.

The company’s website showcases a diverse range of services, primarily focused on the wholesale of machinery and equipment. It’s not an e-commerce platform in the traditional sense, but rather a portal for professional buyers. The site highlights a wide array of products, from tractors and groundcare machinery to used equipment and training services. A dedicated training academy offers Lantra-accredited courses, and the company partners with brands like Kubota and Baroness. The website also features a used machinery section, a parts service, and even a division specializing in piano restoration – 1066 Pianos – which operates separately.

Financially, Ggm Group Ltd demonstrates a mixed picture. Cash bank on hand has significantly increased by 43% to £1.6 million, while current assets have risen by 4.3% to £4.2 million. However, trade debtors have decreased by 21%, and net losses have deepened. Bank borrowings have increased, and creditors have also risen. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the increase in debt and deeper net losses are concerning. The unaudited figures rely on director-reported data, and no auditor is mentioned.

Overall, Ggm Group Ltd appears to be a stable, albeit somewhat strained, operation. The company’s diverse offerings and strong partnerships suggest a solid foundation, but the financial figures indicate a need for careful management and a focus on improving cash flow.

Registered in England/Wales under the registration number 03948645, with a registered address at BB8 8LJ, England, Colne, Lancashire, Regent Yard, Whitewalls Industrial Estate.

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