Gma Grouping Ltd

Gma Grouping Ltd from Cheadle, UK, is a small, active company founded just three years ago. It employs nine people and holds £804,442 in assets. The business is led by three directors and owned by Altirs George, who also serves as the solo founder. Regular importer of clothing and accessories made by knitting or crocheting (14 months imported), the company operates within the wholesale of textiles and clothing and footwear industries.

The company's website reveals a much larger operation focused on materials testing and quality assurance. Gma Grouping Ltd provides a wide range of services, including non-destructive testing, radiography, ultrasound, and visual inspection, catering to industries like aerospace, oil and gas, power generation, and automotive. It boasts multiple locations across the UK and even has international connections. The website highlights its expertise in specialized testing techniques, 3D measurement, and materialographic analysis, positioning it as a technical leader in its field.

Financially, Gma Grouping Ltd presents a mixed picture. While current assets decreased by 10% to £800,000, bank borrowings increased significantly by 2,400%, reaching £29,000. Cash reserves also fell 71% to just £4,100. Net assets plummeted 130% to -£83,000. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s growth in assets and services suggests a successful expansion of its core business, however, the decline in cash reserves and the negative equity position indicate potential financial pressures. It's likely the company is investing heavily in its operations, but it will need to carefully manage its cash flow to ensure long-term sustainability.

Registered in England/Wales under the registration number 13982361, with a registered address at SK8 6RL, United Kingdom, Cheadle, Greater Manchester, Eden Point Three Acres Lane, Cheadle Hulme.

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