Gromart Ltd

Gromart Ltd from Brentwood UK: a small, active company founded ten years ago in 2015, employs three people, and holds £128,768 in assets. It operates from a real address and is led by one director and owner, with a functioning e-commerce site. The company is an irregular importer of wood and wood products, with just one month of import activity recorded.

The company’s website, Growmart, positions itself as Europe’s No. 1 online grow shop, offering a wide range of products for hydroponics and indoor cultivation. From grow kits and tents to lighting, nutrients, and plant propagation supplies, it caters to both beginners and experienced growers. The site also features a headshop section with accessories like vapes, grinders, and bongs. Growmart boasts a large warehouse and offers both online sales and in-person visits.

Financially, Gromart Ltd shows some interesting trends. Cash bank holdings increased significantly by 36%, reaching £110,000, which is good news. However, creditors decreased by 92%, which is a little concerning. Equity, including retained earnings and accumulated losses, jumped 75% to £100,000. Debtor levels rose 64%, suggesting a reliance on customer payments. Dividends paid decreased by 45%, which could be a result of the company reinvesting profits. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible. No auditor is mentioned, likely due to its small size, so the financial statements are unaudited.

Overall, Gromart Ltd appears to be navigating a mixed financial landscape. The increase in cash and equity is positive, but the rise in debtors and decrease in creditors warrants a closer look. The company’s e-commerce focus and wide product range suggest a potential for growth, but managing its finances effectively will be key to its long-term success.

Registered in England/Wales under the registration number 09554888, with a registered address at CM15 0LD, England, Brentwood, Unit 3 Stondon Hall Farm Ongar Road, Stondon Massey.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.