Greeks Bearing Gifts Limited

Greeks Bearing Gifts Ltd from Plymouth UK is a small, active company founded four years ago in 2021. With just two employees and a virtual address shared by 333 other companies, it’s a compact operation managed by three directors and two owners. The company operates an e-commerce site and boasts a stellar 5.0 Google rating based on two reviews. It regularly imports glass and glassware, with 3 months of import activity recorded, the last in September 2023. It also exports jewelry, precious stones, and metals, though less frequently, with just one month of export activity as of May 2022.

The company’s website, Greeks Bearing Gifts, appears to be focused on luxury gifts and bespoke items, though it's not entirely clear what specific products are offered. The site emphasizes unique and handcrafted goods, suggesting a focus on quality over quantity. It operates in the retail sale of luxury gifts online and through pop-up events.

Financially, Greeks Bearing Gifts Ltd presents a mixed picture. Cash bank on hand has fallen by 45% to £3,200, while creditors have increased by a significant 39% to £560,000. Trade debtors have vanished completely, a dramatic shift from the previous year. Equity has also taken a hit, decreasing by 60% to -£480,000. Despite these challenges, the company's net assets remain at -£480,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity decline raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Greeks Bearing Gifts Ltd is facing financial headwinds. Its e-commerce focus and high Google rating suggest potential for growth, but the declining equity and increased debt warrant close monitoring. It’s a small company, but the future is uncertain.

Registered in England/Wales under the registration number 13298192, with a registered address at PL1 3RP, United Kingdom, Plymouth, Devon, C/O Francis Clark Llp Melville Building East, Royal William Yard.

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