Gmg Brokers Ltd

Gmg Brokers Ltd, based in London, UK, is a large, active company founded 16 years ago. With nine employees and £3,375,517 in assets, it operates from a real address and is managed by four directors and one owner. It boasts a perfect 5.0 Google rating based on a single review. The company is an irregular importer, primarily dealing in drinks, alcohol, and vinegar, with just one month of imports recorded as of July 2020.

The company’s website, gmgbrokers.co.uk, describes it as a provider of execution brokerage services, specializing in trading across a range of financial instruments. It highlights its expertise in navigating complex markets and providing tailored solutions for clients. The site offers a professional, if somewhat sparse, overview of the company's capabilities. While it doesn's appear to be an e-commerce site, it does offer a contact form and a detailed explanation of its services.

Financially, Gmg Brokers Ltd presents a mixed picture. While turnover increased by 13%, reaching £9.9 million, net assets decreased by 10%, settling at £2.4 million. Bank borrowings increased by 15%, reaching £140,000, while cash reserves decreased by 35%, falling to £800,000. Interestingly, administrative expenses rose by 23%, reaching £1.9 million, which may indicate increased operational costs. The company’s average number of employees increased by 44%, reaching thirteen, suggesting expansion. The company’s auditor is Fisher, Sassoon & Marks.

Despite the increase in expenses and decrease in cash reserves, the company’s strong turnover suggests continued business activity. The increase in employees could be a sign of growth, but the decrease in net assets warrants further scrutiny. The company’s financial health appears stable, but it’s important to monitor these trends closely.

Registered in England/Wales under the registration number 06775037, with a registered address at EC3V 3ND, England, London, London, 4th Floor 33-35 Cornhill.

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