Gline+ Ltd

Gline+ Ltd is a small, active company based in Coventry, UK, founded just one year ago in September 2023. With £15,293 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Reid Graeme John. The business operates as a specialist drylining, partitioning, steel frame system, ceiling, and cladding contractor, primarily serving clients across the UK. Its website showcases a range of services, including suspended ceilings, steel frame systems, and cladding, and even lists past projects like the BGF in Birmingham.

The company's website, GLine, highlights its expertise in drylining and related construction services. It’s clearly focused on B2B clients, offering solutions for commercial projects. The site emphasizes quality, safety, and skilled resources, and includes a contact form and LinkedIn page for potential clients. It’s a professional-looking site, suggesting a focus on building relationships and securing contracts.

Financially, Gline+ Ltd presents a concerning picture. Equity has plummeted to -£20,000, a significant loss from the previous year, and net current assets are also negative at -£20,000. Cash reserves are stable at £12,000, but bank borrowings remain at £12,000. Creditors have stayed consistent at £36,000, and trade debtors are also unchanged. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the figures are unaudited.

While Gline+ Ltd appears to be actively working on construction projects, the financial data indicates a company struggling to maintain profitability. The substantial losses and negative equity suggest it’s burning through cash, and the lack of employees (zero reported) means the director is likely working long hours to keep the business afloat. It's possible the company is in a growth phase, reinvesting profits back into the business, but the negative equity is a cause for concern.

Registered in Scotland under the registration number SC781789, with a registered address at DG9 0HY, United Kingdom, Stranraer, 6 Brookfield Crescent.

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