Granorte (uk) Limited

Granorte (uk) Limited, based in Telford, UK, is a small, holding company with an active status. Founded seventeen years ago in 2007, the company employs just two people and holds £486,272 in assets. It’s managed by two directors and has one owner, boasting a perfect 5.0 Google rating from eight reviews. The company regularly imports cork and cork products, with 22 months of import activity recorded, the latest in July 2023.

The company operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) industries. While a website isn’t available, it’s likely Granorte (uk) Limited focuses on wholesale distribution of cork products to retailers, rather than direct-to-consumer sales.

Financially, Granorte (uk) Limited presents a mixed picture. Cash bank on hand has decreased significantly by 46% to £57,000, while current assets have increased by a modest 1.1% to £490,000. Trade debtors have surged by 57% to £81,000, suggesting a possible shift in payment terms or increased sales on credit. Creditors have also risen by 15% to £240,000. Equity has grown by 11% to £320,000, a positive sign, but net current assets have fallen by 10% to £240,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 8 employees) helps it remain agile, but the decline in cash reserves warrants attention. The financial statements are unaudited, and the company’s auditor is Deans. The company’s growth in trade debtors could be a sign of a growing business, but it also presents a risk if those debts aren’t collected promptly.

Registered in England/Wales under the registration number 06377257, with a registered address at TF7 4PF, England, Telford, Shropshire, Unit 18, Cedar Court, Halesfield 17.

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