Glover Corp Ltd

Glover Corp Ltd from Somerton UK: small company, active status, founded 3 years ago, 8 employees, £65,888 assets, virtual address, 2 directors, 1 owner, solo founder. Irregular importer of electrical machinery and equipment (1 months imported). Glover Corp Ltd is a private limited company registered in England/Wales with the registration number 13853986. It's a small, family-run holding company, established three years ago and currently employing eight people. The company’s assets are modest, standing at £65,888, and it operates from a virtual address, which is something to keep in mind. Two directors oversee operations, with Michelle Glover serving as both owner and director.

The company’s website reveals it’s a holding company for the Glover family businesses, encompassing a diverse range of activities. While the core business appears to be a private limited company, the website also highlights a separate venture: 1066 Pianos, a business specializing in high-end piano restoration. It even has a showroom in Harrods, London. The website also lists a trading address in Cullompton, Devon, which is different from the registered address.

Financially, Glover Corp Ltd presents a mixed picture. While current assets increased by 11% to £66,000, net assets jumped a substantial 59% to £48,000, indicating improved equity. However, cash bank on hand dropped by 36% to £11,000. Trade debtors decreased by 36%, which is good, but creditors rose by 22% to £37,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the decrease in cash reserves is something to watch. There's no mention of an auditor, which is typical for a small company.

The company’s irregular import activity, with just one month of electrical machinery and equipment recorded, suggests a niche market or project-based business. The rise in employee numbers from eight to eleven is also notable, indicating potential growth or increased workload. Overall, Glover Corp Ltd appears to be a stable, albeit small, holding company navigating the challenges of a growing business.

Registered in England/Wales under the registration number 13853986, with a registered address at TA11 7LX, England, Somerton, Walker House, Market Place.

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