Global Newbuilds Ltd

Global Newbuilds Ltd, based in Exeter, UK, is a small holding company with an active status, established 14 years ago. The company employs just two people and holds £28,454 in assets. It operates from a real address, has three directors, and is owned by Gs Holdco Ltd. Global Newbuilds Ltd regularly imports and exports machinery, boilers, and mechanical appliances, parts – 20 months of imports and 60 months of exports recorded.

The company’s website showcases a specialized service: supplying the superyacht, commercial shipping, and cruise line industries. It’s not an e-commerce site, but rather a service provider. Global Services, as it’s known, offers a comprehensive range of items, from tools and spare parts to equipment and consumables, managing procurement for vessels. It provides ancillary services like storage solutions, mobile phone plans, inventory management, and logistical support, essentially eliminating the burden of procurement for its clients. The company emphasizes its team’s understanding of vessel operations, its 25 years of experience, and its commitment to making purchasing onboard easier.

Financially, Global Newbuilds Ltd presents a concerning picture. Current assets have plummeted 90%, falling to just £28,000. Bank borrowings have increased significantly, and cash reserves are now at zero. Trade debtors have also decreased dramatically. While creditors have decreased, the overall trend points to a company struggling to maintain its financial stability. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of a mentioned auditor, likely due to its small size, means the financial information is unaudited.

Despite these challenges, Global Newbuilds Ltd appears to be a well-established service provider within a niche market. The company’s focus on customer service and its understanding of the industry suggest a potential for recovery, but the sharp decline in assets and cash reserves is a cause for concern.

Registered in England/Wales under the registration number 07348639, with a registered address at EX2 5GL, United Kingdom, Exeter, Devon, 28 Trade City Apple Lane.

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