Grammy Housewares Uk Ltd

Grammy Housewares Uk Ltd is a small, holding company based in London, UK, with an active status. Founded five years ago in 2019, the company employs just one person and holds £156,793 in assets. It operates from a virtual address shared by numerous other companies, and is managed by one director and one owner. The business runs an e-commerce site selling cookware.

The website, Grimaldi Cookware, showcases a range of pans and cookware sets, including the CookFond and Grimaldi lines. The site is dedicated to providing best cookware for passionate home cooks. It offers a variety of products, from saucepans to complete cookware sets, with sales and promotions regularly featured. Payment options are extensive, including American Express, Apple Pay, and PayPal.

Financially, Grammy Housewares Uk Ltd is showing some concerning trends. Cash reserves have dropped significantly, falling 62% to £56,000. Current assets have also decreased by 47%, down to £160,000. Debtor values have plummeted 80%, and net assets have fallen 90% to just £8,300. Creditors, however, have decreased by 55%, which could indicate improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity raises questions. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Grammy Housewares Uk Ltd appears to be facing financial pressures. The decline in cash and assets suggests it's burning through money, though the reduction in creditors offers a glimmer of hope. Whether the company can recover and sustain its e-commerce operations remains to be seen.

Registered in England/Wales under the registration number 12216911, with a registered address at EC1V 2NX, United Kingdom, London, 124 City Road.

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