Gillmorespace Limited

Gillmorespace Ltd, based in Paignton, UK, is a small, active company established 24 years ago. With four employees and £483,338 in assets, it’s a family-run business led by a solo founder who also serves as director and owner. The company operates from a real address within Torbay Business Park and regularly imports and exports furniture, lighting, and prefabricated buildings—14 months of exports and 66 months of imports recorded.

The company's primary focus is retail, evident through its website, Gillmore British Designer Furniture. It’s an online store showcasing a wide range of modern furniture for living rooms, dining rooms, bedrooms, and offices. The site offers various products, including tables, chairs, beds, storage solutions, and accessories, catering to discerning homeowners and professional buyers. The website also features a blog with articles on furniture trends and design tips, reinforcing its position as a source of inspiration and expertise.

Financially, Gillmorespace Ltd shows some concerning trends. Accumulated depreciation for computer equipment increased by 23%, while furniture fittings saw a 11% increase. Bank borrowings jumped 120%, reaching £78,000, and cash reserves plummeted 79%, leaving just £7,400. Creditors decreased by 18%, which is a positive sign, but net assets took a hit, dropping 7.4% to £290,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the drop in equity and cash is something to keep an eye on. No auditor is mentioned, which is common for small companies.

Overall, Gillmorespace Ltd appears to be navigating a challenging period. While its online presence and product range are impressive, the financial data suggests a need for careful management and potentially some adjustments to its business model.

Registered in England/Wales under the registration number 04088221, with a registered address at TQ4 7HP, Paignton, Devon, Unit 22 Torbay Business Park, Woodview Road.

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