Greenspace Limited

Greenspace Limited is a small, active company based in London, UK, founded 21 years ago in 2003. With £818,798 in assets and a virtual address, it employs 11 people and is managed by two directors and owners. The company is an irregular importer, primarily dealing in aluminum and aluminum products, with its last import operation occurring 20 months ago in May 2022.

The company’s website focuses on conservatory roof replacement, offering bespoke aluminum panels designed to transform existing conservatories. It highlights benefits like improved insulation, reduced noise, and energy efficiency, with a 10-year guarantee and a one-day installation process. The site includes customer testimonials, news updates, and pricing information, showcasing a focus on quality and customer satisfaction. It’s a clear indication of a business centered around a specific service rather than broad retail.

Financially, Greenspace Limited shows a mixed picture. Cash bank on hand increased significantly by 72%, reaching £330,000, while creditors jumped by a substantial 250%, reaching £250,000. Bank borrowings decreased slightly, but the increase in creditors suggests a reliance on credit. Assets increased by 42%, but the rise in liabilities is a potential cause for concern. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in liabilities needs to be monitored. The company’s accounts are unaudited, as is common for small companies, and no auditor is mentioned. The increase in future minimum lease payments by 180% is also something to keep an eye on.

Overall, Greenspace Limited appears to be a growing business, but the rising liabilities suggest a need for careful financial management. The company’s focus on a specialized service and its commitment to customer satisfaction seem to be driving its growth, but it will need to balance this with sound financial practices.

Registered in England/Wales under the registration number 04937327, with a registered address at SW1Y 4EL, England, London, Fifth Floor, Clareville House 26-27 Oxendon Street, St. James's.

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