Global 1st Ltd

Global 1st Ltd, based in Stanmore, UK, is a small holding company with an active status, having been founded fourteen years ago in 2011. The company employs eleven people and holds assets worth £301,926. It operates from a real address and is managed by two directors and one owner, running an e-commerce site with a stellar 5.0 Google rating based on nine reviews. The company regularly imports jewelry, precious stones, and metals, with 58 months of import activity recorded, the latest in January 2025. It also exports these items, though less frequently, with only two months of export activity as of July 2024.

The company’s website, Global1st Store, showcases three brands: VieChakra, Vie Naturals, and Vie Healthcare, all selling a range of products. The site caters to a broad geographic reach, offering shipping to over 200 countries and regions worldwide, and even offers multiple language options. It's clear the company is focused on online retail, with a significant emphasis on international sales.

Financially, Global 1st Ltd shows some concerning trends. While current assets increased by 15% to £300,000, net assets dropped significantly by 40% to just £10,000—a substantial decline. Bank borrowings increased by 32%, reaching £120,000, and cash reserves fell by 13% to £6,300. Creditors also rose by 12%, reaching £180,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the sharp equity drop raises questions. There's no auditor mentioned, likely due to its status as a small company, so the figures are unaudited.

The decrease in average employees from eleven to nine also suggests a possible restructuring or cost-cutting measures. Overall, Global 1st Ltd appears to be navigating a period of financial pressure despite its strong online presence and positive customer reviews.

Registered in England/Wales under the registration number 07484827, with a registered address at HA7 1BU, England, Stanmore, Middlesex, Unit 14 Dalston Gardens.

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