Ggs Enterprises Limited

Ggs Enterprises Limited, based in Ruislip, UK, is a small, active company founded ten years ago. Despite its status, the company has overdue accounts and confirmation statements for two years, and employs just two people. Its assets are valued at £62,851, and it operates from a virtual address shared by fifty-one other companies, raising questions about its physical presence. The company has two directors and two owners, but the list of owners hasn’s changed in nine years. It’s an irregular importer, primarily dealing in glass and glassware, with just one month of import activity recorded in November 2020.

The company’s website showcases a manpower supply agency providing skilled and unskilled labor on a daily wage or temporary basis. Services include housekeeping, warehouse handling, picking, loading, and unloading. It also offers manpower supply, helpers, and warehouse handling services. The website emphasizes quality services, moderate pricing, and customer support, and even includes testimonials from satisfied clients. The company’s description highlights its role as a manpower consultant and service provider, operating from Chennai.

Financially, Ggs Enterprises Limited presents a mixed picture. Cash bank on hand surged by a staggering 950%, reaching £51,000, but net assets plummeted 31%, settling at £2,000. Advances to directors decreased by 11%, and bank borrowings remained steady at £45,000. Current assets increased by 280%, reaching £63,000, while debtors decreased slightly. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the decline in equity suggests potential financial strain. No auditor is mentioned, as the company is exempt from an audit.

The company's rapid growth in cash reserves, however, could indicate a period of increased sales or a successful cost-cutting initiative. It’s unclear whether this is a sustainable trend or a temporary blip.

Registered in England/Wales under the registration number 09119141, with a registered address at HA4 8QU, England, Ruislip, 29 West Hatch Manor.

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