Gillies Of Broughty Ferry Limited

Gillies Of Broughty Ferry Ltd, a Dundee-based company, has been a fixture in the UK retail landscape for 76 years. Founded in 1949, this large company, currently boasting 181 employees and assets of £11,002,700, maintains an active trading status and a real address. With eight directors and one owner, the business operates an e-commerce site and enjoys a respectable Google rating of 4.0 based on 208 reviews. The company regularly imports furniture, lighting, and prefabricated buildings – a total of 355 months of import activity – and occasionally exports toys, games, and sports equipment, with just one month of export activity recorded as of March 2022.

The company’s website showcases a wide range of furniture and home accessories, from sofas and chairs to flooring and bedding. It’s clear that Gillies is aiming to provide a comprehensive shopping experience for customers seeking quality home furnishings. The site also highlights brands and offers a “Spring Brochure” and “Mobile Flooring Showroom” – suggesting a focus on seasonal promotions and in-store experiences, despite its online presence.

Financially, Gillies Of Broughty Ferry Ltd presents a mixed picture. While cash bank on hand increased by 9.7% to £5,600,000, cash and cash equivalents fell by a significant 44% to £5,600,000. Net assets increased by 4.3% to £23,000,000, a positive sign, but director remuneration benefits increased by 3% to £780,000. Trade creditors decreased by 12% to £1,600,000, indicating improved debt management. The company meets two of three criteria to be considered a large company, with turnover exceeding £36 million, balance sheet total exceeding £18 million, and employees over 250. The company’s financial statements were audited by Findlays. Overall, Gillies appears to be financially stable, though the fluctuating cash flow and increasing director remuneration warrant close monitoring.

Registered in Scotland under the registration number SC026803, with a registered address at DD5 2AJ, Dundee, 180 Brook Street, Broughty Ferry.

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