Gromore Limited

Gromore Limited is a small, active company based in Motherwell, UK, founded four years ago. With a single employee and £19,758 in assets, it's a solo founder operation led by one director and owner. The company operates in the retail sale via mail order houses or via internet industries.

However, a deeper look reveals a more complex picture. Gromore Limited is actually a subsidiary of Growmore Group, a Dubai-based wealth management and investment firm. The company's website showcases a range of financial services, including banking, asset management, venture capital, and project finance, targeting high-net-worth individuals and businesses in the Middle East. It also has a division focused on digital assets and a commitment to impact investments in technology, healthcare, and clean energy. The website boasts a physical address in Dubai and emphasizes values like trustworthiness, ethical conduct, and dedication to client needs. A disclaimer warns of an entity named Growmore Holdings falsely representing the group, highlighting the need for caution.

Financially, Gromore Limited’s numbers paint a mixed picture. While cash bank on hand has completely disappeared, dropping 100%, current assets have increased significantly by 160% to £20,000. Creditors have also risen dramatically, increasing by 190% to £15,000, which could be a sign of expanding operations or delayed payments. Equity has also increased by 99% to £5,100. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the increase in creditors suggests a need to manage cash flow carefully. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

It's clear that Gromore Limited is a small cog in a larger, Dubai-based investment machine. Whether the UK operation is thriving or struggling to keep pace with its parent company remains to be seen, but the financial data suggests a company in a state of flux.

Registered in Scotland under the registration number SC678921, with a registered address at ML1 4TY, Scotland, Motherwell, 9 Grantholm Avenue.

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