Graintek Uk Ltd.

Graintek Uk Ltd, based in Forfar, UK, is a small holding company with an active status, established sixteen years ago in December 2008. The company employs seventeen people and holds assets valued at £1,449,703. While it has three directors and a single owner, its registered address is a virtual address, shared by twenty-one other companies, which is a little unusual. Graintek Uk Ltd regularly imports machinery, boilers, and mechanical appliances, parts, with nineteen months of import activity recorded, the latest in November 2024.

The company operates in the other business support service activities n.e.c. industries. Its website is not available, so it’s difficult to determine if it’s involved in e-commerce.

Financially, Graintek Uk Ltd shows some concerning trends. Current assets decreased by 3.7% to £1,400,000, while net assets remained stable at £1,100,000. Bank borrowings increased by 83%, reaching £44,000, and cash reserves fell by 97%, dropping to just £9,700. Trade debtors increased by 22%, suggesting a possible reliance on customer payments. Creditors decreased by 5.1%, which is a positive sign. As a small company meeting two of three criteria (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it benefits from simplified reporting requirements. The lack of an auditor mentioned likely means the accounts are unaudited.

The significant drop in cash reserves is a particular point of concern, potentially indicating the company is burning through money. The increase in bank borrowings suggests it may be relying on external financing to cover shortfalls. However, the decrease in creditors and increase in trade debtors could be a sign of improved debt management and customer payment patterns.

Registered in Scotland under the registration number SC352327, with a registered address at DD8 1BJ, Scotland, Forfar, Westby, 64 West High Street.

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