Gibbs Online Ltd

Gibbs Online Ltd from Wigan UK: a small, active company founded three years ago, operates from a real address, and is led by two directors and a single owner who also serves as the solo founder. The company’s turnover is under £10.2 million, its balance sheet total is less than £5.1 million, and it employs fewer than 50 people, qualifying it as a small company.

Gibbs Online Ltd specializes in the retail sale via mail order houses or via internet. Its website showcases a comprehensive range of tools and supplies, catering to various industries including construction, engineering, and automotive. The site is well-organized, with clear categories for hand tools, power tools, air tools, lighting, electrical equipment, abrasives, and more. It also offers a selection of adhesives, chemicals, paints, cutting fluids, and workshop storage solutions. The site even includes sections for PPE, cleaning products, and automotive service items, indicating a broad customer base. The company’s online presence suggests a focus on e-commerce, with a detailed product catalog and a user-friendly shopping experience.

However, the company’s financial health presents a mixed picture. Current assets have decreased by 24% to £1,100, while net assets have plummeted 96% to -£16. Cash reserves have fallen 96% to just £380, and bank borrowings have increased by 250% to £1,000. Trade debtors have risen to £740, and creditors have increased to £1,000. The lack of employees (just one reported) suggests a lean operation. While the company is exempt from an audit as a small entity, the significant decline in equity raises concerns. The company’s small size does allow for agility, but the sharp drop in retained earnings needs to be monitored.

Registered in England/Wales under the registration number 13959600, with a registered address at WN4 0BQ, United Kingdom, Wigan, Lancashire, 14 Sefton Road, Ashton-In-Makerfield.

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