Gulbrandsen E C Ltd

Gulbrandsen E C Ltd from Grantham UK is a small, active company founded 30 years ago. With a single employee and £2,147,643 in assets, it operates from a virtual address, a detail highlighted by the fact that 245 companies are registered at the same location. The company, led by three directors and a solo founder, is a regular importer of organic chemicals, having imported for 21 months with the latest operation occurring in January 2025.

The company's activities center around the wholesale of chemical products, and it’s a small business as it met two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. While it doesn't appear to have an active e-commerce presence, its core business involves the distribution of chemical products.

Financially, Gulbrandsen E C Ltd presents a mixed picture. Cash bank on hand has increased by a significant 52%, reaching £520,000, while accrued liabilities have decreased by 12% to £47,000. However, debtors have fallen considerably, dropping 19% to £1,600,000, and net current assets liabilities have risen 6.1% to £1,100,000. Creditors have also seen a dramatic decrease, falling 89% to just £12,000. The company’s bank borrowings have also decreased, and payments received on account have fallen by 52%. It's worth noting that the company is audited, and the financial statements are prepared on a going concern basis.

The decrease in debtors and increase in net current assets liabilities could indicate challenges in collecting payments from customers, or perhaps a shift in the company’s credit terms. The reduction in creditors, on the other hand, suggests improved debt management. With no auditor mentioned, the figures rely on unaudited statements. Overall, Gulbrandsen E C Ltd appears to be navigating a period of change, with both positive and negative trends emerging from its financial performance.

Registered in England/Wales under the registration number 02958253, with a registered address at NG31 6SF, Grantham, Lincolnshire, 3 Castlegate.

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