Robert Geary Ltd

Robert Geary Ltd, based in Johnstone, UK, is a small, active company founded seven years ago in 2017. Employing just two people, the business holds £29,623 in assets and operates from a real address. With two directors and two owners, it’s a family-run operation boasting a respectable 4.0 Google rating from five reviews. The company regularly imports musical instruments and parts, with 11 months of import activity recorded.

The company operates in the wholesale of musical instruments industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. While the business is active, there are some financial concerns. Accounts are overdue by a year, and the confirmation statement is also overdue.

Looking at the numbers, cash reserves have increased significantly, up 170% to £1,100, which is good. However, net assets have declined by 52%, dropping to -£64,000, a worrying trend. Bank borrowings have also increased, though not dramatically, rising by 1.6% to £19,000. Creditors have seen a substantial jump, up 64% to £75,000, which could indicate increased reliance on short-term financing. Trade debtors have also decreased, down 30% to £6,300.

The company is likely exempt from an audit due to its size, so the financial statements are unaudited. The overdue accounts and confirmation statement suggest potential administrative challenges, but the increased cash reserves offer a glimmer of hope. Whether Robert Geary Ltd can navigate these financial pressures and maintain its position as a regular importer of musical instruments remains to be seen.

Registered in Scotland under the registration number SC571791, with a registered address at PA5 8TB, Scotland, Johnstone, Hollybank, Hagg Crescent.

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