Glb Property Ltd

Glb Property Ltd is a small, active company based in Fivemiletown, Northern Ireland, founded six years ago in December 2018. With eleven employees and £368,872 in assets, it operates from a real address at 55 Main Street. The company is a family business with two directors and two owners, Gary and Linda Beacom. It’s an irregular importer, primarily bringing in clothing and accessories, not knitted or crocheted, with a recent import recorded just one month ago. Glb Property Ltd also engages in retail sale of clothing in specialised stores and raising of sheep and goats.

The company’s website reveals a dual focus. While primarily a retail operation, it also appears to be involved in the agricultural sector. It’s unclear how closely the two sides of the business are linked, but both emphasize family ownership and British heritage.

Financially, Glb Property Ltd shows some concerning trends. Current assets have decreased by 33%, falling to £370,000, while net assets have plummeted 130%, resulting in a negative balance of -£54,000. Bank cash has also declined significantly by 36%, leaving just £8,700. Creditors have increased by 13%, reaching £120,000 within one year, and £590,000 after one year. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the sharp decline in equity raises questions about its financial health. The company is exempt from an audit, so the figures are unaudited.

Despite the challenges, Glb Property Ltd continues to operate, suggesting a resilient business model. However, the company will need to address its declining equity and manage its creditors effectively to ensure its long-term sustainability.

Registered in Northern Ireland under the registration number NI657862, with a registered address at BT75 0PG, Northern Ireland, Fivemiletown, Tyrone, 55 Main Street.

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