Gullwing Limited

Gullwing Limited, based in Cumbria, UK, is a small, active company established 26 years ago in 2008. With a single employee and £532,770 in assets, it operates from a real address at Lowbyre Manor Farm, Alston. Three directors and two owners guide the business, which has a solid track record of importing and exporting electrical machinery and equipment. The company has been importing for 58 months, with the latest activity in July 2024, and exporting for 6 months, with the last export operation in August 2022.

The company’s activities encompass a diverse range, including the manufacture of medical and dental instruments and supplies, acting as agents for various goods, wholesale of electronic and telecommunications equipment, and involvement in the consumer electronics industry. While no website is available to analyze, the company’s profile suggests a focus on B2B operations within the electrical and electronics sectors.

Financially, Gullwing Limited shows a mixed picture. Net assets grew by 22%, reaching £430,000, while cash reserves increased by 10%, to £350,000. However, trade debtors decreased by 62%, dropping to £30,000, and accrued liabilities increased significantly, rising by 2,500% to £39,000. Loans from directors also decreased substantially, falling by 73% to £40,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

The company’s ability to maintain profitability remains uncertain given the increase in liabilities and decrease in debtors. However, the growth in net assets and cash reserves suggests a degree of financial resilience, although it’s likely burning through money like a startup. The decrease in loans from directors could indicate a shift in funding strategy, or perhaps a repayment of debt.

Registered in England/Wales under the registration number 03582735, with a registered address at CA9 3JX, Cumbria, Lowbyre Manor Farm, Alston.

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