Gm Accessories Ltd

Gm Accessories Ltd, based in Southall, UK, is a small, active company founded six years ago in 2018. With £285,374 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Singh Gurjit. The business regularly imports electrical machinery and equipment – a consistent 10 months of activity recorded, with the latest in 2022 – and occasionally exports drinks, alcohol, and vinegar, with just one month of activity as of 2023.

The company operates in the wholesale of electronic and telecommunications equipment and parts industries. Its website is currently down for maintenance, displaying an error message, which makes it difficult to assess its online presence and e-commerce activities.

Financially, Gm Accessories Ltd presents a mixed picture. Current assets have increased by 48%, reaching £290,000, while bank borrowings decreased by 25%, settling at £32,000. Cash reserves have improved significantly, rising 130% to £6,000. However, creditors have also increased substantially, up 95% to £200,000. Interestingly, dividend declarations have ceased entirely, dropping 100% to zero. 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 for flexibility, but the rise in creditors suggests a need for careful cash flow management. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Gm Accessories Ltd appears to be navigating a period of change. While asset growth and improved cash reserves are positive signs, the increase in creditors warrants close attention.

Registered in England/Wales under the registration number 11511260, with a registered address at UB2 4AE, United Kingdom, Southall, 21 Southall Enterprise Centre, Bridge Road.

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