Globachem Discovery Limited

  • Small
  • Holding
  • Active
  • 6 years
  • 13 employees
  • £666,087 (assets)
  • Real address
  • 2 directors
  • 1 owner
  • Irregular importer

Field of Operation

Research and experimental development on biotechnology
72110 5957 companies

Website

Phones

Summary

Globachem Discovery Ltd, based in Congleton Road, UK, is a small holding company with an active status. Founded six years ago in November 2018, it employs thirteen people and holds assets valued at £666,087. The company has two directors and one owner, and its registered address is a real one, with only one other company registered there. It operates as an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with the last import activity occurring two months ago in August 2024.

The company’s activities are focused on research and experimental development within the biotechnology industries. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. Its website doesn't reveal much beyond its core business, but it doesn't appear to be an e-commerce operation.

Financially, Globachem Discovery Ltd presents a mixed picture. Cash bank on hand has seen a significant increase, jumping 290% to £220,000, while current assets have also grown by 50% to £670,000. However, net losses deepened considerably, and bank borrowings surged by a staggering 2,400%, reaching £482,383. Trade debtors have also increased, suggesting potential issues with customer payments. Despite these challenges, creditors decreased by 400%, which could indicate improved debt management. The company’s small size and lack of an auditor (likely exempt due to its size) mean the figures are unaudited.

While the company’s cash position looks healthy for now, the substantial increase in borrowings and deepening losses suggest it may be burning through money. The company’s reliance on a single owner and the lack of a clear revenue stream beyond research and development could pose risks in the long term.

Registered in England/Wales under the registration number 11674378, with a registered address at SK10 4TG, England, Congleton Road, Macclesfield, Suite 35b4 Block 35, Alderley Park.

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

Owners & PSC

  • 4 years
  • 75%+

Managers

Director
Director

Last reports

Download the last financial report
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Last news

  1. Total exemption full accounts made up to 2023-12-31
  2. Confirmation statement made on 2024-10-02 with no updates
  3. Total exemption full accounts made up to 2022-12-31
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Importer profile by HS codes

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