Golden Grade Ltd

Golden Grade Ltd from London UK: a small, active company established 12 years ago, employs a single person, and holds £73,674 in assets. Operating from a virtual address—where 52 other companies are registered—it’s led by one director and owner, and boasts a respectable Google rating of 4.0 based on 38 reviews. The company regularly imports clothing and accessories, not knitted or crocheted, with recent activity recorded three months ago.

The company’s website is minimal, offering little insight into its operations beyond a basic contact form. It appears to be primarily focused on retail sales, with no obvious e-commerce functionality visible. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Financially, Golden Grade Ltd shows some concerning trends. While cash reserves fell by 31% to £35,000, creditors decreased by 30% to £64,000. Bank overdrafts also decreased by 29% to £5,000. However, current assets declined by 25% to £74,000, and net assets liabilities increased by 35% to £9,800. The company’s reliance on retained earnings, which increased by 36% to £9,700, suggests it's reinvesting profits. The lack of an auditor is typical for a small company, and the unaudited accounts rely on director-reported data. The company’s accounting standards applied are FRS 102. It's clear that the company is not burning through money, but it’s not exactly flush with cash either.

Registered in England/Wales under the registration number 08519604, with a registered address at SW2 1QN, London, 90 Brixton Hill.

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