Gs Developments (southern) Limited

Gs Developments (southern) Limited, based in Portsmouth, UK, is a small, active company founded seventeen years ago in 2008. With just £6,782 in assets and a virtual address shared by fifty other companies, it's a modest operation managed by a single director and owner. The business has a Google rating of 3.0 based on five reviews and operates in the construction of domestic buildings. It's an irregular importer, bringing in vehicles, parts, and accessories (excluding trains and trams) for a couple of months, with the latest import activity recorded in November 2023.

The company’s website, currently “under construction,” promises a "coming soon" experience and encourages visitors to get in touch. It also highlights private rental homes located in Belgrave, Leicester, and includes contact details and a registered address for GS Developments Leicester Ltd. The site’s simple design and focus on rental properties suggest a smaller-scale operation, perhaps transitioning from construction to property management.

Financially, Gs Developments (southern) Limited presents a mixed picture. Current assets have fallen by 24% to £6,800, while net assets have dropped by 7%, reaching -£340,000. Cash reserves have declined by 28% to £3,400, and bank borrowings have remained steady at £50,000. Creditors have also decreased by 7.7%. The company meets two of the three criteria to be classified as small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), but the negative equity and declining assets suggest financial pressures. No auditor is mentioned, likely due to the company’s small size.

While the construction business appears to be continuing, the financial data indicates a company burning through money. The shift towards rental properties could be an attempt to diversify income streams and improve cash flow, but the long-term sustainability of the business remains uncertain.

Registered in England/Wales under the registration number 06580131, with a registered address at PO6 3EB, Portsmouth, Hampshire, 4 Spur Road, Cosham.

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