Glentworth Formulations Limited

Glentworth Formulations Ltd from Oldbury UK: a small, active company founded six years ago, employs eight people, and holds £958,134 in assets. It's a solo-founder operation with one director and a real address, and regularly imports plastics and plastic products – 32 months of import activity recorded, the last in December 2024. The company operates in the retail sale via mail order houses or via internet, and also in the human health activities industries.

The company’s website is currently unavailable, so it’s difficult to ascertain the extent of its e-commerce operations. However, the business appears to be focused on distribution and potentially formulation, given its name and import activity.

Financially, Glentworth Formulations Ltd shows a mixed picture. Current assets have increased significantly, jumping 190% to £960,000, while net assets have more than doubled to £250,000. Bank borrowings have decreased by 29%, and cash reserves have exploded by 1700%, reaching £180,000. Trade debtors have risen 36%, suggesting a build-up of outstanding payments, and creditors have increased by 300%, which could be a result of increased stock levels. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the significant increase in creditors warrants further investigation. The company’s equity has also tripled, which is a good sign. No auditor is mentioned, likely due to the company being exempt as a small entity.

The company’s growth in assets and cash reserves is encouraging, but the increase in creditors and trade debtors should be monitored. The significant jump in equity is a positive indicator, and the solo founder’s leadership seems to be driving the business forward.

Registered in England/Wales under the registration number 11673488, with a registered address at B69 4LT, England, Oldbury, Unit 1a Junction Two Industrial Estate, Demuth Way.

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