Greenfold Systems Limited

Greenfold Systems Ltd, based in Manchester, UK, is a small holding company with an active status, established thirteen years ago in 2011. Employing 114 people, the company holds £1,933,297 in assets and operates from a virtual address – sixteen companies registered at the same address suggests this. It’s managed by four directors and has one reported owner, boasting a perfect 5.0 Google rating based on a single review. The company regularly imports electrical machinery and equipment, with 37 months of import activity recorded, the latest in October 2024.

The company’s website, while not providing detailed information, indicates a focus on the manufacture of metal structures and parts of structures. It’s a relatively small operation, meeting two of the three conditions to be classified as small: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. It seems to be a fairly established business, having been around for a while.

Financially, Greenfold Systems Ltd presents a mixed picture. While bank borrowings decreased significantly by 67%, dropping to £69,000, cash reserves also fell by 16% to £140,000. Creditors increased by 36%, reaching £1,700,000, which could indicate increased purchasing activity or potentially delayed payments. Net assets declined by 7.5% to £580,000. A notable increase in trade debtors (up 28%) suggests customers are taking longer to settle their bills. The company’s depreciation charges have increased substantially, with a 200% rise in owned or freehold assets, which may reflect investments in plant and machinery. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s future trajectory is uncertain. While the decrease in bank borrowings is positive, the increase in creditors and the decline in net assets raise concerns. The significant investment in plant and machinery, as reflected in increased depreciation, suggests a commitment to production, but whether this translates to increased revenue remains to be seen.

Registered in England/Wales under the registration number 07765371, with a registered address at M3 2ER, England, Manchester, C/O Slater Heelis Limited, 86 Deansgate.

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