Glenthorne Build Ltd

Glenthorne Build Ltd, based in London, UK, is a small, holding company with an active status, established nine years ago. The company holds £1,179,461 in assets and operates from a virtual address, registered at Southgate Office Village. It's managed by one director and two owners, and functions as an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity recorded just one month ago.

The company's activities center around the development of building projects, and while it doesn's appear to operate a direct-to-consumer e-commerce platform, its website suggests a focus on construction and related services. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

A review of the company’s financial data reveals a mixed picture. While cash reserves saw a substantial increase of 290%, reaching £35,000, net assets also rose by 23%, hitting £120,000. Creditors, however, increased significantly by 21%, reaching £1.1 million, and trade debtors jumped by 17%, now at £870,000. Prepayments experienced an astonishing 1000% increase, now standing at £62,000. Bank borrowings remained stable at £10,000. The company’s net current assets and liabilities both increased by 14% and 11% respectively.

The sharp rise in debtors suggests potential challenges in collecting payments, while the increase in creditors indicates a reliance on trade credit. The substantial increase in prepayments could be linked to new contracts or material purchases. It’s worth noting that the company is exempt from an audit as a small company, so the figures are unaudited. The rise in net assets and cash reserves, however, suggests that Glenthorne Build Ltd is currently financially stable, despite the challenges.

Registered in England/Wales under the registration number 10161241, with a registered address at N14 6HF, England, London, Southgate Office Village, 286a Chase Road.

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