Jgpower Limited

Jgpower Ltd from Wakefield UK: a small, active company founded 19 years ago, holds £6,961 in assets, and operates from a real address with two directors and one owner. It’s an irregular importer of electrical machinery and equipment, with just one month of imports recorded.

The company, registered as 05577563, appears to be a small family operation, meeting two of the three conditions to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). It operates in the repair of machinery industries, a niche sector. While it has a website, it doesn’s provide much detail about its activities beyond a listing on business directories.

Financially, Jgpower Ltd’s situation is a bit mixed. Current assets have jumped significantly, increasing by 990% to £7,000. However, net assets are down 4%, sitting at -£8,100. Bank borrowings have risen sharply, increasing by 1300% to £7,000, while cash reserves have also increased by 1300% to £7,000. Creditors have also increased, rising by 61% to £16,000. The company’s depreciation rate used for property, plant, and equipment is zero. The company has no employees.

The significant increase in cash reserves and current assets, alongside the rise in bank borrowings, suggests the company may be investing in its operations or facing short-term cash flow needs. The decrease in equity, however, is a cause for concern. It’s possible that the company is burning through cash to fund growth, or that it’s facing increased expenses. The lack of an auditor mentioned (likely exempt as a small company) means the financial information is unaudited, so it’s important to interpret these figures with caution.

Registered in England/Wales under the registration number 05577563, with a registered address at WF3 3QN, Wakefield, West Yorkshire, 5 Green Bank, Ouzlewell Green Lofthouse.

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