Global It Supplies Limited

Global It Supplies Ltd, based in Bishops Stortford, UK, is a small, active company founded eight years ago. With two employees and £348,377 in assets, it operates from a real address and is overseen by one director and owner. The company is a regular importer and exporter of electrical machinery and equipment, with 40 months of import activity and 6 months of export activity recorded, the last being in March 2024. It’s a wholesale business operating in the computers, computer peripheral equipment, and software industries.

The company’s website is currently unavailable, making it difficult to ascertain the specifics of its online presence or e-commerce operations.

Financially, Global It Supplies Ltd presents a mixed picture. Current assets have significantly decreased by 39%, dropping to £350,000, while net assets have also declined by 33%, settling at £280,000. Bank borrowings have seen a reduction of 15%, falling to £26,000, and cash reserves have decreased by 5.6%, reaching £200,000. Creditors have also decreased by 15%, to £26,000, suggesting improved debt management. Trade debtors have plummeted by a significant 74%, to £63,000, which could indicate a shift in payment terms or challenges in collecting outstanding payments. The company meets two of the three criteria to be classified as a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The unaudited accounts, prepared using Taxfiler software, do not mention an auditor.

The sharp decline in assets and equity, coupled with the decrease in cash reserves, suggests the company may be experiencing financial pressure. The reduction in trade debtors is a positive sign, but the overall trend warrants close monitoring. The company’s reliance on a single director and owner, while common for small businesses, could also present challenges in terms of management and succession planning.

Registered in England/Wales under the registration number 10272314, with a registered address at CM23 5NZ, England, Bishops Stortford, Hertfordshire, Unit 6 The Links Business Centre, Raynham Road.

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