Edge Global Services Ltd

Edge Global Services Ltd, based in Bristol, UK, is a small, active company founded nine years ago in 2016. With four employees and £711,894 in assets, it's a solo-founded operation managed by one director and owner. The company is registered at a real address, and only one other company is registered there, suggesting a low-profile presence. Edge Global Services Ltd is an irregular importer, primarily dealing in iron or steel products, with just one month of import activity recorded as of March 2021. The company operates in the other service activities n.e.c. industries.

The company’s website is currently unavailable, so it’s difficult to determine the specifics of their operations. However, the company owns a company called Spacegym Ltd, indicating a possible diversification of business interests.

Financially, Edge Global Services Ltd presents a mixed picture. Current assets have increased significantly, rising by 290% to £710,000. However, net losses deepened from -£70,000 to -£480,000. Bank borrowings have decreased by 46%, and cash reserves have increased by a staggering 200%, reaching £540,000. Trade debtors have increased dramatically by 4300%, suggesting possible issues with customer payments or a shift in credit policies. Creditors have also increased by 95%, indicating a higher level 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 flexibility, but the substantial losses raise concerns. With no auditor mentioned (likely exempt as a small company), the financial statements are unaudited.

Overall, Edge Global Services Ltd seems to be experiencing a period of rapid change, with significant shifts in both assets and liabilities. While the increased cash reserves are a positive sign, the substantial losses suggest the company is burning through money, and the large increase in trade debtors could be a cause for concern.

Registered in England/Wales under the registration number 10046101, with a registered address at BS4 3AP, United Kingdom, Bristol, 470 Bath Road.

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