Boomerang Global Ltd

Boomerang Global Ltd is a small, active company based in Glasgow, UK, founded just three years ago in 2021. With £5,502 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner. The business operates in several industries including non-specialised wholesale trade, software development, and management consultancy, according to its filings. It's a lean operation, employing just one person. The company is irregular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling 2 months of imports. The last import operation was conducted on October 01, 2022.

The company's website reveals a more complex picture. Boomerang Global presents itself as an end-to-end technology and transcription company streamlining office, financial, and administrative processes. It offers healthcare and legal services, emphasizing flexible solutions, accurate transcription, and online document storage. The website highlights a "Follow the Sun" methodology, leveraging global delivery models and redundancy to ensure maximum productivity. It even mentions a 20% redundancy in staff, indicating a focus on managing growth and attrition.

Financially, Boomerang Global Ltd is facing some challenges. Net assets plummeted 260% to -£1,700, and cash reserves dropped 94% to just £330. Creditors increased by 39%, and taxation social security payable decreased by 170%. While 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 agile, the significant equity decline raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s website suggests a focus on efficiency and global operations, but the financial data paints a picture of a business struggling to maintain solvency. Whether Boomerang Global can navigate these financial pressures while continuing to expand its services remains to be seen.

Registered in Scotland under the registration number SC704412, with a registered address at G51 1LS, Scotland, Glasgow, 1/2, 403 Paisley Road West.

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