Giggear Limited

Giggear Ltd from Harlow, UK, is a small, active company established 22 years ago in 2003. With eight employees and £347,761 in assets, it operates a real address and is managed by one director and owner. The company runs an e-commerce site and has a stellar 5.0 Google rating from 142 reviews, regularly importing musical instruments and parts—the last import was made in July 2023.

The company’s website, Giggear, is a comprehensive online retailer specializing in musical instruments, accessories, and related equipment. From guitars and drums to pianos and recording gear, it caters to a wide range of musicians and enthusiasts. The site also offers music lessons, instrument rentals, and a workshop for repairs and maintenance, demonstrating a commitment to serving the local music community. It’s a busy place, with a lot going on.

Financially, Giggear Ltd shows some interesting trends. Creditors increased by a substantial 190%, reaching £17,000, while cash reserves grew 280% to £27,000—a positive sign. However, bank borrowings surged by 34%, reaching £41,000, and net assets decreased by 36% to £40,000. Debtor levels also fell, which is good. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the decrease in equity is something to keep an eye on. No auditor is mentioned, likely due to the company’s small size, so the financial statements are unaudited.

Overall, Giggear Ltd appears to be a thriving online retailer with a strong reputation. While the financials show some volatility, the company’s diverse offerings and loyal customer base suggest a solid foundation for future growth.

Registered in England/Wales under the registration number 04708264, with a registered address at CM20 2SX, England, Harlow, Unit B, St. James Centre, East Road.

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