Glick International Ltd

Glick International Ltd is a small, active company based in Shrewsbury, UK, founded six years ago in 2019. With £23,932 in assets and a real registered address, it’s a modest operation run by two directors and three owners. The company operates in the retail sale via mail order houses or via internet, and the other retail sale in non-specialised stores industries.

The company's website, Glick International, appears to be an e-commerce site, showcasing a range of products. While the exact nature of these products isn't immediately clear, the site's design suggests a focus on online sales. It’s a fairly standard e-commerce setup, with product listings and a shopping cart—nothing particularly unique stands out.

Financially, Glick International Ltd presents a mixed picture. Current assets have declined by 41%, dropping to £24,000, while net assets have also decreased significantly, falling 30% to -£67,000. Cash reserves have suffered a substantial drop, decreasing 73% to just £2,200. Trade debtors have fallen sharply, by 70%, indicating a possible improvement in collecting payments, but creditors have also increased by 3.8% to £91,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the significant equity decline is concerning. No auditor is mentioned, which is likely due to the company’s small size and exemption from an audit.

The company's directors and owners changed lists four months ago, which could be a positive sign of renewed focus or a change in strategy. However, the declining cash reserves and negative equity suggest that Glick International Ltd is burning through money faster than it’s generating revenue. Whether this is a temporary setback or a longer-term challenge remains to be seen.

Registered in England/Wales under the registration number 11868051, with a registered address at SY4 5LH, England, Shrewsbury, Wood Farm, Marchamley Wood.

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