Smgb Limited

Smgb Ltd from Worksop UK is a small, holding company with an active status, having been established 52 years ago in 1973. The company employs 20 people and holds assets worth £2,702,408. It operates from a real address and is managed by two directors and one owner. Smgb Ltd is a regular importer, primarily of furniture, lighting, and prefabricated buildings, with 51 months of import activity recorded, the last in March 2022.

The company's website showcases a wide range of garden sheds, buildings, storage solutions, and furniture. It's clear that Smgb Ltd operates as a distributor of these products, offering a variety of brands and types to cater to different customer needs. The site features detailed product descriptions, size options, and manufacturer information, suggesting a focus on providing customers with comprehensive choices. It's a well-organized e-commerce platform, with clear categories and a user-friendly interface.

Financially, Smgb Ltd presents a mixed picture. While current assets increased slightly to £2,700,000, net assets remained steady at £2,000,000. However, bank borrowings increased by a significant 2,400% to £29,000, and cash reserves decreased by 95% to just £26,000. Trade debtors also increased substantially, ballooning by 39% to £2,700,000. 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 it to remain nimble, but the sharp decrease in cash reserves and increase in debt raises concerns. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Despite these financial pressures, Smgb Ltd has clearly established itself as a long-standing distributor of garden and storage products. Its longevity, coupled with a diverse product range and a focus on customer service, suggests a resilient business model, even if it's currently navigating some financial challenges.

Registered in England/Wales under the registration number 01093320, with a registered address at S81 7BQ, England, Worksop, Nottinghamshire, Dukeries Industrial Estate Dukeries Industrial Estate, Claylands Avenue.

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