Grandcrown Limited

Grandcrown Ltd from Dorking UK: small company, active status, founded 33 years ago, 14 employees, £296,082 assets, virtual address, 1 director, 1 owner, solo founder. Regular importer of man-made filaments and related materials (5 months imported). Regular exporter of various textile products, sets, used clothing, and rags (5 months exported). It’s a small business, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company, registered on September 30, 1991, operates from a virtual address – 42 other companies are registered at the same location – and is run by a single director and owner, Ballard Steven Andrew Craig.

Grandcrown Limited’s primary focus appears to be apparel sourcing and stocklot supply, operating under the name China Grand Crown Industrial Limited. The company’s website details its services, which include global sourcing, product sourcing, order followup, quality inspection, factory selection, and apparel stocklot sourcing. It boasts connections with 200 manufacturing factories, mainly in China, but also in emerging countries like Vietnam, Bangladesh, Pakistan, and Burma. The company serves clients from America, Europe, the Middle East, and Africa, offering both OEM (Original Equipment Manufacturing) and stocklot supply. It even has a blog section with updates on available stocklots.

Financially, Grandcrown Ltd shows some concerning trends. Current assets have fallen by 8.1% to £300,000, while net assets have plummeted 540% to £45,000. Bank borrowings have increased by 7%, reaching £31,000, and cash reserves have decreased by 11% to £26,000. Trade debtors have also dropped by 11%, which could be a positive sign of better credit control. The company’s small size helps it remain nimble, but the significant decrease in equity is a cause for concern. With no auditor mentioned, the financial statements are unaudited, relying on director-reported data. It’s likely that the company is not paying much attention to its accounts, and that’s a problem.

Registered in England/Wales under the registration number 02650024, with a registered address at RH4 1DE, United Kingdom, Dorking, Surrey, Old Gunn Court, North Street.

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