Glacon Limited

Glacon Ltd from Ebbw Vale, UK, is a small, active company founded nine years ago. With a single employee and £75,882 in assets, it operates from a real address in Ebbw Vale and is led by one director and owner. The company is an irregular importer, primarily dealing in drinks, alcohol, and vinegar, with the last import operation occurring two months ago in June 2023.

The company’s activities encompass the wholesale of wine, beer, spirits, and other alcoholic beverages, as well as retail sales via mail order and internet, and involvement in other sports activities. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

Financial data reveals a mixed picture. Cash bank on hand has decreased significantly, falling 75% to £2,800. Bank borrowings, however, have seen a decrease of 31%, dropping to £17,000. Creditors have also decreased, falling 31% to £17,000. However, current assets have fallen by 8.2% to £76,000. Trade debtors have seen a large decrease, falling 37% to £12,000. The company’s equity has seen a large decrease, falling 87% to -£35,000.

The company's net assets liabilities have seen a large decrease, falling 460% to -£19,000. The company is likely exempt from an audit due to its small size, and the financial statements are unaudited. It’s clear that Glacon Ltd is facing some financial pressures, although the decrease in bank borrowings and creditors suggests some improvements in debt management.

Registered in England/Wales under the registration number 10111501, with a registered address at NP23 5SD, Wales, Ebbw Vale, Unit 20 Rassau Industrial Estate, Rassau.

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