Gleneagle Labs Limited

Gleneagle Labs Limited is a small, active company based in Cranbrook, UK, founded five years ago in 2019. Operating from a virtual address – with eighteen other companies registered at the same location – the company has one director and one owner. It’s a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company operates in the retail sale via mail order houses or via internet industries. It’s unclear if they have a website, but the description suggests an e-commerce focus.

Financially, Gleneagle Labs Limited is facing challenges. Cash bank on hand has fallen by 44%, dropping to just £32. Creditors have increased by 4.3%, reaching £13,000, and net assets and liabilities are both down 4.5% at -£13,000. While short-term creditors are measured at transaction price, and foreign currency transactions are recognised at the rate of exchange ruling at the date of the transaction, the company’s equity is negative. The company’s turnover is not mentioned, but it's likely that the business is struggling to generate sufficient revenue to cover its expenses. The accounts are unaudited and classified as "filleted," meaning they are simplified and rely on director-reported data. There is no mention of an auditor.

The company’s reliance on a virtual address, coupled with the negative equity and declining cash reserves, suggests potential instability. It's possible the company is burning through money, but it’s also possible that the reported numbers don’t fully reflect the business’s underlying health.

Registered in England/Wales under the registration number 12110721, with a registered address at TN17 1HE, England, Cranbrook, Unit A, Farriers Courtyard Spelmonden Road, Goudhurst.

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