John Gillman & Sons (electrical) Limited

John Gillman & Sons Electrical Ltd, based in Ashchurch, Tewkesbury, UK, is a sizable company operating as a holding company with an active status. Established 42 years ago in 1982, the firm employs 114 people and holds assets valued at £24.5 million. Its yearly revenue reaches £48.9 million, demonstrating a significant scale of operations. The company has a real address, is managed by one director and owned by one person, and runs an e-commerce site. It boasts a respectable Google rating of 4.0 based on 483 reviews, indicating customer satisfaction. Regularly importing and exporting electrical machinery and equipment (for 7 months and 37 months respectively), the company is a key player in the sector.

The company is a large one, meeting two of three conditions: turnover exceeding £36 million, a balance sheet total over £18 million, and an average of more than 250 employees. It operates as a holding company, and its active status confirms ongoing business. A review of the financial data reveals some interesting trends. Accrued income has significantly increased, jumping from £150,000 to £410,000, while depreciation on furniture and equipment has decreased considerably. Staffing levels have also reduced, from 110 to 85 employees, which could be a response to changing market conditions. Administrative expenses have fallen, which is a positive sign.

However, there are some concerns. Cash bank on hand has plummeted, dropping from £1.5 million to just £170,000—a substantial decrease. Bank borrowings have increased, and outstanding trade payables have also risen, suggesting potential liquidity challenges. While the company's turnover remains strong, the decrease in net assets and the rise in debt warrant closer scrutiny. The lack of an auditor mentioned suggests the company is exempt, meaning the financial data is unaudited.

Overall, John Gillman & Sons Electrical Ltd appears to be a well-established business with a strong market presence. However, the recent financial trends indicate a need for careful management to ensure long-term financial health. The company’s e-commerce site and regular import/export activities suggest a proactive approach to business, but the declining cash reserves and rising debt need to be addressed.

Registered in England/Wales under the registration number 01670406, with a registered address at GL20 8JH, United Kingdom, Ashchurch, Tewkesbury, Gloucestershire, Domestic Appliance Distributors Henry John House, Northway Lane.

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