Usg-gledco Ltd

USG Gledco Ltd, based in Leeds, UK, is a small holding company with an active status, established three years ago. Employing ten individuals and holding £570,106 in assets, it operates from a real address and is overseen by four directors and one owner. The company regularly imports and exports stone, plaster, cement, and similar material products—eighteen months of import activity and fourteen months of export activity, with the latest operations occurring in February 2025.

The company’s website reveals a specialized manufacturer of engineered carbon and graphite components. USG Gledco caters to a diverse range of industries, including aerospace, nuclear, fluid handling, petrochemical, automotive, and industrial sectors. Its products, such as mechanical seal faces, carbon bearings, and high-temperature materials, are used in applications requiring precision and durability. The company operates manufacturing facilities in the UK, USA, and Mexico, and offers global support through its sales offices in Europe. They also provide data sheets and technical information on their website.

Financially, USG Gledco Ltd presents a mixed picture. Accumulated amortisation impairment for intangible assets increased by 170%, while accumulated depreciation impairment for property, plant, and equipment rose by 160%. Amounts owed to group undertakings decreased by 10%, and cash bank on hand increased by 22%. Creditors decreased by 3.5%, and current assets grew by 19%. However, net current assets liabilities improved significantly, dropping by 93%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility. The company’s retained earnings accumulated losses increased by a staggering 1100%, a notable shift. The accounts are audited by Ashfords Chartered Accountants.

While the company shows some positive trends in cash flow and asset management, the significant increase in accumulated losses suggests it may be burning through money. The increased reliance on bank borrowings could indicate a need for additional funding. The lack of employee growth, despite increased activity, may reflect a focus on automation or outsourcing. It is worth noting that the company’s financial statements are unaudited, so the figures should be viewed with some caution.

Registered in England/Wales under the registration number 13937592, with a registered address at LS4 2JR, England, Leeds, Gledco Works Bankfield Terrace, Kirkstall Road.

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