Global Cable Ltd

Global Cable Ltd, based in Tunbridge Wells, UK, is a small, active company founded eight years ago in 2016. With just two employees and £225,275 in assets, it operates from a virtual address – thirty nine other companies share the same location – and is led by one director and owner. The company regularly imports machinery, boilers, and mechanical appliances; parts, with 12 months of import activity recorded, and exports similar items, with eight months of export activity.

The company’s website is non-existent, making it difficult to ascertain the exact nature of its operations beyond the import/export activities. It appears to be a business-to-business operation, rather than a consumer-facing e-commerce venture. The company operates in the other engineering activities industries.

Financially, Global Cable Ltd presents a mixed picture. Current assets remained stable at £230,000, however, trade debtors decreased significantly by 21%, suggesting potential issues with customer payments. Bank borrowings decreased by 35% and 50% respectively, which could indicate improved cash flow management. Cash reserves increased dramatically by 780%, a very positive sign. Creditors decreased by 6.2%, demonstrating better debt management. Equity increased by 2.9%, which is a good sign. 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 agility, but the decrease in debtors warrants attention. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Global Cable Ltd seems to be navigating a period of change. The substantial increase in cash reserves is encouraging, but the decrease in debtors could be a cause for concern. It’s likely that the company is working to streamline its operations and improve its financial health.

Registered in England/Wales under the registration number 10249769, with a registered address at TN4 9PH, England, Tunbridge Wells, 76 St. Johns Road.

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