Ast Global Sourcing Limited

Ast Global Sourcing Ltd, based in Grangemouth, UK, is a small, active holding company established five years ago. With two employees and £483,857 in assets, it operates from a virtual address shared by 154 other companies, a bit odd really. The company is led by two directors and one owner, and it’s been importing various textile products, sets, used clothing, and rags for seven months, with the last import occurring in November 2020. It also exports rubber and rubber products, though only for a single month, with the last export in January 2021.

The company’s website highlights its specialization in sourcing PPE, safety equipment, and industrial components. It’s clearly an e-commerce operation, with a focus on bulk purchases and offering services like sourcing healthcare products for organizations. The site even has an enquiry form, which is good. It's also got a physical address listed in Kirkcaldy, Fife, which is a nice touch.

Financially, Ast Global Sourcing Ltd’s recent performance paints a mixed picture. Cash bank on hand has dropped significantly, a 94% decrease to just £25,000, which is concerning. Current assets remain steady at £480,000, but creditors have increased by 47% to £5,300. Trade debtors have plummeted by 85%, suggesting issues with customer payments or a change in credit policy. The company’s inventory has jumped to £100,000, which could be a sign of increased stock levels or a buildup of unsold goods. 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, but the decrease in cash and the rise in creditors are worth keeping an eye on. No auditor is mentioned, likely due to its small size and exemption from audit.

Registered in Scotland under the registration number SC659673, with a registered address at FK3 8WX, Scotland, Grangemouth, Unit 5 Gateway Business Park, Beancross Road.

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