Gopromotional Ltd

Gopromotional Ltd, based in Barnsley, UK, is a small, active company founded fifteen years ago in 2010. With eight employees and £431,534 in assets, it operates as an e-commerce site specializing in promotional products and branded merchandise. The company has one director and owner, who is also the solo founder. While primarily focused on domestic sales, Gopromotional Ltd has sporadically exported iron or steel products, with the last export operation occurring two months ago in November 2018.

The company’s website showcases a vast array of promotional items, from pens and mugs to clothing and technology gadgets. It caters to businesses seeking to increase brand awareness and create memorable giveaways. The site emphasizes competitive pricing, a wide selection, and fast delivery—key ingredients for success in the competitive promotional merchandise market. They even have a section dedicated to UK-made products, appealing to customers seeking British craftsmanship.

Financially, Gopromotional Ltd presents a mixed picture. While bank borrowings decreased by 11%, cash reserves fell by 23% to £260,000. Creditors decreased by 5.6%, suggesting improved debt management. However, accumulated depreciation on property, plant, and equipment increased significantly, by 23%, and development costs capitalized increased by 16%. Net assets increased by 420%, to £84,000, which is a positive sign, but the increase in depreciation could indicate aging equipment. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

The increase in development costs capitalized suggests the company may be investing in new products or services. The decrease in cash reserves, however, could indicate increased spending or slower sales growth. Overall, Gopromotional Ltd appears to be a stable, albeit small, business navigating the challenges of a competitive market.

Registered in England/Wales under the registration number 07190668, with a registered address at S71 3GN, England, Barnsley, Longfields Court, Wharncliffe Business Park.

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