Belfore Global Ltd

Belfore Global Ltd from Newcastle UK is a small, active company founded seven years ago. With four employees and £320,158 in assets, it operates as a solo-founded business managed by a single director and owner. The company regularly imports electrical machinery and equipment, with eight months of import activity recorded, the last in September 01, 2024. It’s a real address with eight companies registered there, which is probably a good sign.

The company’s core business involves management consultancy activities other than financial management, according to its registration. While there's no website to analyze, this suggests a B2B focus rather than direct consumer sales.

Financially, Belfore Global Ltd shows some interesting trends. Bank borrowings decreased by a significant 62%, dropping to £33,000—a positive sign of reduced debt. However, cash bank on hand also fell by 37%, leaving just £110,000. Creditors decreased by 62%, which is good, but trade debtors increased by 38%, suggesting the company is having trouble getting paid. Equity increased by 80%, which is a good sign, but it’s worth noting that the company’s net assets liabilities still sit at £83,000. 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 stay nimble, but the decrease in cash reserves warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Belfore Global Ltd is navigating a period of change. While debt has decreased, the company needs to focus on improving its cash flow and collecting outstanding payments to ensure its long-term financial health.

Registered in England/Wales under the registration number 10852690, with a registered address at ST5 1DS, England, Newcastle, Deansfield House, 98 Lancaster Road.

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