Giffard Distribution Ltd

Giffard Distribution Ltd, based in Hailsham, UK, is a small, holding company with an active status. Founded three years ago in January 2022, the company holds £251,072 in assets and operates from a real address shared by three other businesses. It's managed by two directors and two owners, and features an e-commerce site. The company regularly imports clothing and accessories (excluding knitted or crocheted items), with eight months of import activity recorded, the latest in November 2024.

The company's website, GiffardDistribution, focuses on distributing products from FibreKing, Motoverde, and Motul. It offers a range of items, including microfibre cloths, workshop accessories, and caters to both consumer and trade customers, even offering trade accounts. The website highlights nationwide UK delivery and a family-run business model.

Financially, Giffard Distribution Ltd presents a mixed picture. Cash bank on hand increased dramatically by 620%, reaching £35,000, while creditors surged by 2000%, hitting £380,000. Current assets also saw a substantial increase of 880%, reaching £250,000, but equity plunged 1800%, resulting in a net liability of -£120,000. Trade debtors increased by 270% to £23,000, and other inventories jumped 1200% to £190,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it doesn’t require an audit.

The significant increase in creditors, coupled with the negative equity, suggests the company is potentially burning through cash, although the increased cash reserves and inventory levels may indicate a period of investment or expansion. The lack of employees, combined with the large creditor increase, could mean the business is relying heavily on credit from suppliers.

Registered in England/Wales under the registration number 13835485, with a registered address at BN27 3BA, England, Hailsham, 281 London Road.

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