Gordano Support Group Limited

Gordano Support Group Ltd from Clevedon UK: large company, active status, founded 33 years ago, 108 employees, £4,722,006 assets, yearly revenue: £13,041,560, real address, 7 directors, 1 owner, google rating 5.0 based on 5 reviews. Regular importer of machinery, boilers, and mechanical appliances; parts (9 months imported). Regular exporter of leather goods, travel bags, and animal harnesses (14 months exported). It’s a sizable operation, meeting two of three conditions to be considered large: turnover exceeding £36 million, balance sheet total over £18 million, and average employee count above 250.

The company operates in the packaging activities industries. While a website isn's available, it’s likely that Gordano Support Group Ltd is a business-to-business operation, supplying packaging solutions to other companies. It’s probable that they have a physical warehouse and distribution network, and their focus on machinery and leather goods suggests a diverse range of clients.

Financially, Gordano Support Group Ltd appears to be in a stable position, although some trends are worth noting. Accumulated depreciation has increased, which is expected as the company invests in plant and machinery. However, the increase in administrative expenses by 11% could be a sign of growing overheads. Bank borrowings have decreased significantly, which is a positive sign, but the overdraft has increased, which could indicate short-term cash flow challenges. The company’s net assets have increased by 7.3%, which is a good indicator of overall financial health. The company’s auditors, Forvis Mazars LLP, have given a true and fair view of the financial statements.

The company’s revenue has increased by 15%, which is a positive trend, but the increase in net losses from -£10,000 to -£23,000 suggests that the company is not yet profitable. The decrease in cash reserves by 30% is also a cause for concern, but the decrease in creditors by 18% suggests that the company is managing its debt effectively. 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.

Registered in England/Wales under the registration number 02637971, with a registered address at BS21 6ST, England, Clevedon, North Somerset, Barns Ground, Kenn.

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