Plymouth Glass Gallery Ltd

Plymouth Glass Gallery Ltd, based in Plymouth, UK, is a small, family-run business with an active status, established five years ago. The company employs just two people and holds £70,903 in assets, boasting a stellar 5.0 Google rating from 21 reviews. It’s a real address and managed by one director and two owners. The business operates as an irregular importer of glass and glassware, with just one month of imports recorded in the last two years.

The company’s website showcases a diverse range of glass art, from animals and birds to statement panels and sculptures. It’s been running its gallery and shop for 17 years, with the last twelve in its current location on Plymouth’s historic Barbican. The recent launch of its online gallery aims to cater to loyal customers and those living too far to visit in person, offering a selection of products and even gift wrapping services. The website also mentions a piano restoration business, which is interesting.

Financially, Plymouth Glass Gallery Ltd presents a mixed picture. Cash bank on hand decreased by 15% to £9,100, while other inventories increased dramatically by 230% to £62,000. Creditors rose by 35% to £97,000, and bank borrowings remained constant at £79. Equity, however, increased by a healthy 64% to £30,000. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors suggests a need to manage cash flow. There’s no mention of an auditor, which is common for small, exempt companies.

Overall, Plymouth Glass Gallery Ltd seems to be navigating the challenges of a small business. The growth in inventories and equity is encouraging, but the rise in creditors warrants attention. It’s a nice business with a good reputation, but it needs to keep an eye on its finances.

Registered in England/Wales under the registration number 12316761, with a registered address at PL1 2LD, England, Plymouth, Devon, 23 Southside Street, The Barbican.

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