Gigaloch Limited

Gigaloch Limited is a small, holding company based in Glenrothes, UK, with an active status. Founded four years ago in May 2020, the company employs five people and has four directors, alongside one owner. Accounts are currently overdue by four months, a red flag. The company's registered address is real, with only three other companies registered at the same location.

The company operates in the wired telecommunications activities industries, and it’s an irregular importer, with its top import category being electrical machinery and equipment, totaling one month of imports. The last import operation was conducted on March 1, 2021.

According to the report, Gigaloch Limited is controlled by Optilec Ltd, and the list of owners was changed four years ago. The directors are Ewen James Robert, Droop Harry James, Brown Steven James Chadwick, and Colton John Robert. The company is a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Financially, Gigaloch Limited shows some concerning trends. Creditors have risen significantly, increasing by 100% to £5.9 million, and other creditors have ballooned by 190% to £2.5 million. Bank overdrafts have also increased dramatically, jumping 6,400% to £1,200. Cash reserves have fallen by 30%, and net losses deepened. Trade debtors have increased by 35%, suggesting delayed customer payments. The company’s assets have decreased by 10%, and accumulated depreciation has remained consistent. The average number of employees during the period has increased by 140% to twelve.

While the company’s growth in employees is positive, the increase in debt and decrease in cash reserves raise questions about its financial health. The lack of an auditor mentioned likely means the accounts are unaudited, adding to the uncertainty. It’s clear that Gigaloch Limited is facing some financial pressures, but its position as a holding company and its connection to Optilec Ltd may provide some stability.

Registered in Scotland under the registration number SC662274, with a registered address at KY6 2AH, United Kingdom, Glenrothes, Fife, Pentland House, Saltire Centre.

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