Great Gadgets Limited

Great Gadgets Limited is a small, active company based in Bristol, UK, founded twelve years ago in 2013. With just one employee and £241,510 in assets, it’s a solo-founded operation run by a single director and owner, Mikalajunas Nerijus. The business operates an e-commerce site selling a variety of products, with a focus on toys, games, and sports equipment—regularly importing these items for the past eight months. The company’s website, Great Gifts and Gadgets, showcases a wide range of items, from cable winders to pet brushes, targeting both individual consumers and corporate clients.

The website highlights a diverse product catalog, with new arrivals frequently added to keep the offerings fresh. It offers free UK delivery over £20 and a "no quibble" returns policy, aiming to provide a customer-friendly online shopping experience. The site also features a newsletter signup, promising exclusive offers and product updates—a common tactic for e-commerce businesses. It seems like they are trying to improve their service.

Financially, Great Gadgets Limited presents a mixed picture. Current assets have increased by 42% to £240,000, while equity has also risen by 23% to £140,000. However, creditors have significantly increased by 78% to £100,000, suggesting a greater reliance on short-term borrowing. Cash bank on hand has improved considerably, jumping 42% 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 50 employees) allows for flexibility, but the rise in creditors warrants attention. The accounts are abridged and unaudited, and there’s no mention of an auditor.

Overall, Great Gadgets Limited appears to be growing, but managing its debt will be crucial for sustained success. The focus on e-commerce and regular imports suggests a proactive approach, but the financial data indicates a need for careful monitoring.

Registered in England/Wales under the registration number 08441041, with a registered address at BS3 5DE, Bristol, 44 Tyning Road.

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