John Grimes Fencing Limited

John Grimes Fencing Ltd from Wolverhampton UK: a small company, holding company, and active status, was founded 35 years ago. With 22 employees and £2,096,445 in assets, it’s a well-established operation. The company has four directors and one owner, and boasts a perfect 5.0 Google rating based on ten reviews. It’s an irregular importer of wood and wood products, with the last import operation recorded one month ago in February 2023.

The company operates in the manufacture of other products of wood and articles of cork, straw, and plaiting materials. While no website is available to examine, its core business appears to be fencing and related services. It's a holding company, and the address is a real one, with only one other company registered there.

Financially, John Grimes Fencing Ltd shows a mixed picture. Current assets increased by 17% to £2,100,000, while net assets decreased by 19% to £1,200,000. Bank borrowings decreased by 81%, reaching £22,000, and cash reserves increased by 250% to £620,000. Creditors increased by 130%, reaching £920,000, suggesting a reliance on trade credit. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, and the auditor is JW Hinks LLP.

The significant increase in creditors, however, is a point of interest. While it could indicate expansion and increased sales, it also suggests a need to manage cash flow effectively. The decrease in net assets, despite the increase in assets, is also a concern. It’s possible that the company has invested heavily in new equipment or facilities, but it’s important to monitor this trend closely. The company’s long history and positive Google rating suggest a solid reputation, but the financial data indicates a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 02463303, with a registered address at WV6 0QD, England, Wolverhampton, Unit 1 Racecourse Road.

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