Bestek Global Ltd

Bestek Global Ltd, based in Manchester, UK, is a small, active company founded ten years ago in 2014. With two employees and £795,482 in assets, it operates from a real address and is managed by one director and owner. The company has a 2.0 Google rating based on three reviews, indicating room for improvement in customer perception. Bestek Global is a regular importer and exporter of electrical machinery and equipment, with 205 months of import activity and 8 months of export activity, the latest in June 2023.

The company’s website, BESTEK Offcial Home, reveals a retail operation focused on mail order and internet sales. It appears to be a straightforward e-commerce business, selling a range of products online. The site’s design is functional, but not particularly engaging, suggesting a focus on practicality over aesthetics.

Financially, Bestek Global Ltd presents a mixed picture. While current assets increased by a substantial 210% to £800,000, net assets decreased by 34% to -£130,000, indicating a significant drain on equity. Cash reserves plummeted by a dramatic 84%, dropping to just £42,000. Trade debtors increased by a staggering 38,000%, reaching £750,000, which could be a sign of delayed payments or aggressive credit terms. Creditors, however, decreased by 190%, falling to £88,000, suggesting better management of short-term liabilities. 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 agility, but the substantial equity loss and high debtors raise concerns. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company's financial statements reveal a concerning trend of increasing debt and decreasing equity, suggesting that Bestek Global Ltd is burning through money. The large increase in debtors could be a temporary blip, or it could indicate problems with collecting payments. The decrease in cash reserves is also worrying, as it suggests that the company may struggle to meet its short-term obligations. While the company’s regular import and export activity shows continued business, the financial data suggests that it needs to address its spending and improve its cash flow management. The lack of a director signing the financial statements is also a slight cause for concern, although this is likely due to the company’s small size.

Registered in England/Wales under the registration number 09153863, with a registered address at M1 4EJ, England, Manchester, Second Floor, 16 Nicholas Street.

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