Global Counsel Ltd

Global Counsel Ltd, based in London, UK, is a holding company with an active status, established eight years ago in December 2016. The company boasts £5,041,432 in assets, although its registered address is likely virtual, as 299 other companies are registered there. It's managed by seven directors and has one owner (though this list may not be exhaustive, as it only includes owners with over 50% shareholding), and holds a stellar 5.0 Google rating based on five reviews. The company is an irregular exporter, primarily dealing in machinery, boilers, and mechanical appliances; parts, with just one month of export activity recorded in January 2022.

The company operates in the management consultancy activities other than financial management industries. Its website is non-existent, so it’s difficult to determine if it engages in e-commerce or offers any direct services to clients.

Financially, Global Counsel Ltd presents a mixed picture. While current assets increased by 28% to £5,000,000, net assets decreased by 47% to -£1,400,000. Bank borrowings have surged by a staggering 200% to £3,200,000, while cash reserves fell 100% to zero. Creditors decreased by 41% to £730,000. The company’s net losses deepened to -£510,000, and trade debtors ballooned by 890%. The lack of employee data (zero reported) suggests a small, potentially lean operation. The accounts are audited by MHA, and the financial statements were authorised on December 2024.

These figures indicate that Global Counsel Ltd may be burning through cash at a considerable rate, potentially due to increased borrowing to cover operational expenses. The significant decrease in net assets suggests a need to re-evaluate the company's financial strategy, although the increase in current assets could reflect successful business development activities.

Registered in England/Wales under the registration number 10533767, with a registered address at EC2Y 5AU, England, London, 6th Floor 2 London Wall Place.

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