Gleaner Limited

Gleaner Limited, based in Elgin, UK, is a holding company with a long history, established 71 years ago in 1954. The company employs 166 people and holds assets valued at £16,746,459. It's an active business with six directors and one owner, Scott Mary Jane. The company regularly imports machinery, boilers, and mechanical appliances, with the last import operation taking place in October 2024.

The company operates in the agents involved in the sale of fuels, ores, metals and industrial chemicals, the retail sale of automotive fuel in specialised stores industries. It owns a company, Silgo Lubricants Limited, and was previously known as Gleaner Oils Limited. The company’s registered address is IV30 1UU, Scotland, Elgin, Morayshire, Milnfield, Ashgrove Road, and is likely a real address as only one company is registered there.

Financially, Gleaner Limited shows some concerning trends. While current assets increased by 20% to £17 million, net assets have decreased by 13% to £15 million. Bank borrowings have surged by 1100% to £1.9 million, and cash reserves have fallen by 30% to £1.5 million. Creditors decreased by 18%, suggesting better debt management. The company’s net loss increased by 25% to £1.5 million. The company’s accounts are audited by Azets Audit Services.

The sharp increase in bank borrowings and decrease in cash reserves, combined with the larger net loss, suggest the company may be burning through cash. However, the decrease in creditors indicates some success in managing debt. The company’s long history and established position in the market, along with its ownership of Silgo Lubricants Limited, could provide a foundation for future growth.

Registered in Scotland under the registration number SC030017, with a registered address at IV30 1UU, Scotland, Elgin, Morayshire, Milnfield, Ashgrove Road.

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