Gissons Limited

Gissons Limited, based in Exeter, UK, is a small, active company founded 18 years ago in 2006. With three employees and £407,666 in assets, it’s a modest operation led by three directors and two owners. The company boasts a respectable 4.0 Google rating from 146 reviews, and it’s a regular importer of furniture, lighting, and prefabricated buildings, with 13 months of import activity recorded, the latest in October 2024.

Gissons Limited operates in the licensed restaurants industries, a sector known for its competitive landscape. While the company's website is currently unavailable, its profile on Companies House suggests a focus on providing restaurant services. The company is small, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

Financially, Gissons Limited shows a mixed picture. While current assets increased by 48% to £410,000, net assets decreased by 8.3% to -£2.7 million, indicating a reliance on borrowed funds. Bank borrowings decreased by 55% to £8,400, and cash reserves grew by 6.6% to £10,000. Creditors increased by 4.5% to £6.7 million, and trade debtors increased by 50% to £400,000. The company’s retained earnings and accumulated losses are significant at -£2.7 million.

Despite the negative equity, the company's increased current assets and decreased bank borrowings suggest a recent improvement in short-term financial health. The lack of an auditor (likely exempt as a small company) means the figures are unaudited. It’s worth noting that the company’s significant accumulated losses could make it vulnerable to unexpected expenses.

Registered in England/Wales under the registration number 05833274, with a registered address at EX6 8DZ, England, Exeter, Devon, Unit 14, Lions Rest Eco Park Station Road, Exminster.

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