Global Foods International Ltd

Global Foods International Ltd, based in Birmingham, UK, is a small, active company founded nine years ago in 2015. It employs seven people and holds £1,029,744 in assets, operating from a virtual address shared by sixteen other companies. Led by a single director and owner, Rahman Mohammad Mahbubur, the company boasts a stellar 5.0 Google rating from 26 reviews. It’s an irregular importer, with its top import category being Iron or Steel Products, totaling one month of imports, the last operation being conducted on December 01, 2021. The company operates in the wholesale of grain, unmanufactured tobacco, seeds and animal feeds industries.

While the company’s website is unavailable, its business activities suggest a focus on B2B wholesale, likely serving smaller retailers or industrial clients. The shared address points to a cost-saving strategy common among small businesses, but it also raises questions about the company’s physical presence and operational independence.

Financially, Global Foods International Ltd presents a mixed picture. Current assets increased by 36% to £1,000,000, while net assets grew by a substantial 74% to £220,000. However, cash bank on hand dropped significantly by 63% to £14,000, and bank borrowings decreased by 18% to £29,000. Creditors increased by 28% to £46,000, and trade debtors remained consistent at £140,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the decrease in cash reserves could indicate a reliance on credit or delayed payments. With no auditor mentioned, the figures are unaudited.

Overall, Global Foods International Ltd appears to be holding its own, benefiting from a strong Google rating and a growing asset base. However, the decrease in cash reserves warrants monitoring, and the company’s reliance on a shared virtual address could present challenges as it grows.

Registered in England/Wales under the registration number 09627371, with a registered address at B19 2HN, England, Birmingham, Six Ways Business Centre, 1 Guildford Street.

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