G.t. Towing Limited

Gt Towing Ltd, based in Herts, UK, is a small, family-run business with an active status, celebrating 34 years in operation. Employing 23 people, the company holds assets worth £2,149,050 and maintains a real address. With six directors and four owners, it boasts a stellar 5.0 Google rating based on 589 reviews. The company is an irregular importer of vehicles, parts, and accessories (excluding trains and trams), with recent import activity recorded just one month ago.

The company's website, GT Towing, positions itself as specialists in towbars, trailer roof racks, and related equipment. It offers a wide range of products and services, including towbar fitting, trailer sales and hire, roof rack installation, and bike rack solutions. The site also features a commercial division catering to fleet vehicles, and a section dedicated to Calor gas supplies. It's clear they are trying to be a one-stop-shop for towing and cargo solutions. The website also mentions a caravan department which has been permanently closed.

Financially, Gt Towing Ltd shows a mixed picture. Creditors have decreased by a significant 37%, which is a positive sign of improved debt management. However, cash reserves have fallen 30% to £770,000, and net assets have decreased by 3.6% to £1,700,000. Bank borrowings have increased by a substantial 2,400%, reaching £29,000, and trade debtors have increased by 890%. The company meets the criteria for a small business, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the financial statements are unaudited.

Overall, Gt Towing Ltd appears to be navigating a period of change. While the company's strong Google rating and diverse product offerings suggest a healthy customer base, the financial data indicates potential challenges. It’s unclear if the increased bank borrowings are related to expansion or if they represent a strain on the company’s resources.

Registered in England/Wales under the registration number 02583734, with a registered address at AL9 5SD, Herts, Great North Road, Hatfield.

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