Granite Workwear Ltd

Granite Workwear Ltd, based in Nottingham, UK, is a small, active company established 18 years ago. With two employees and £643,286 in assets, it’s a modest operation led by three directors and two owners. The company operates from a real address, with only one other business registered at the same location. It’s been around since June 28, 2006, and is currently trading.

The business focuses on clothing and accessories, importing irregularly (for two months, last in 2022) and exporting regularly (for three months, last in November 2024). It operates within the manufacture of workwear industries. While a website isn't available to analyze, the company's focus is clearly on supplying workwear.

Financially, Granite Workwear Ltd shows a mixed picture. Current assets have decreased by 14%, settling at £640,000. Bank borrowings have also decreased, dropping by 27% to £110,000. However, depreciation on computer equipment increased by 3.1%, and a significant 350% increase in depreciation on motor vehicles suggests potential investment or aging assets. Creditors have also seen a substantial decrease of 30%, which is a positive sign of improved debt management. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it is exempt from an audit.

The decrease in assets and the increase in depreciation, while not alarming, do raise questions about the company's long-term financial health. It's possible that the company is reinvesting in its equipment, or that it's facing increased competition. The lack of a website makes it difficult to assess the company's market position, but its regular export activity suggests that it's at least maintaining a steady stream of revenue.

Registered in England/Wales under the registration number 05860993, with a registered address at NG6 8UJ, England, Nottingham, Nottinghamshire, Hilltop Farm, Goosedale Lane.

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