Gig Facades Ltd.

Gig Facades Ltd, based in Eastcote, UK, is a small holding company with an active status, established 24 years ago. The company employs 14 people and holds £570,034 in assets. It operates from a virtual address – a bit unusual, as 182 companies are registered at the same location – and is managed by two directors and one owner. Gig Facades Ltd is an irregular importer, primarily dealing in glass and glassware, with its last import activity occurring in August 2024.

The company's website reveals a much larger operation, GIG Internationaler Metall und Glasbau, a specialist in premium facade solutions for worldwide architectural projects. They offer a wide range of services, from design and engineering to fabrication, installation, maintenance, and restoration. Their website showcases impressive case studies, including projects in Berlin and Vienna, highlighting their expertise in complex facade systems, green building technologies, and heritage restoration. It’s clear that GIG focuses on high-end, bespoke projects, rather than mass-produced components. They even have a piano division, 1066 Pianos, which is a separate business.

Financially, Gig Facades Ltd presents a mixed picture. Current assets have decreased by 33% to £570,000, while net assets have fallen by 47% to £220,000. Bank borrowings have increased significantly, and cash reserves have declined. Trade debtors have also dropped considerably. While creditors have decreased, the overall trend suggests a tightening of finances. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the figures are unaudited.

It seems Gig Facades Ltd is navigating a period of financial pressure, despite the larger GIG group’s reputation for high-end projects. The company’s reliance on a virtual address and the decline in key financial metrics raise questions about its long-term stability, but its connection to the prestigious GIG brand could provide a buffer against these challenges.

Registered in England/Wales under the registration number 04155304, with a registered address at HA5 1RH, England, Eastcote, 164 Field End Road.

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