Group Trading Ltd

Group Trading Ltd is a small, active company based in Hull, UK, founded eight years ago in 2016. With three employees and £34,434 in assets, it operates from a real address and is led by one director and owner, Franklin Vincent Alexander. The company is an irregular importer, primarily dealing with electrical machinery and equipment, with just one month of imports recorded back in 2017. It also operates in the manufacture of other plastic products.

The company's website reveals a much larger entity, Lords Group Trading plc, a specialist distributor of building, plumbing, heating, and DIY goods. Lords Group Trading operates through two divisions: merchanting (supplying building materials and DIY goods through a network of merchant businesses and an online platform) and plumbing & heating (distributing plumbing and heating products to independent merchants and the general public). It has 32 locations across the UK for merchanting and 16 for plumbing & heating, offering both online and in-person sales. The company also boasts a strong presence in the investor community, with a dedicated investor relations section on its website and a listed share price.

Financially, Group Trading Ltd’s recent performance presents a mixed picture. Current assets have plummeted by 42%, dropping to £34,000, while net assets have suffered a more substantial decline, falling 120% to -£8,300. Bank borrowings have also increased significantly, rising 63% to £59,000, and cash reserves have decreased by 80% to just £350. On a more positive note, creditors have decreased by 33%, suggesting improved debt management. The company’s small size (meeting two of three conditions for being considered small) allows for flexibility, but the sharp decline in equity raises concerns. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Registered in England/Wales under the registration number 10245296, with a registered address at HU1 3TG, England, Hull, The Basement, 23 Albion Street.

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