Global Panel Products Limited

Global Panel Products Ltd, based in London, UK, is a small holding company with an active status, having been founded 26 years ago in 2008. The company employs six people and holds assets valued at £2,683,321. It operates from a virtual address, registered with 3815 other companies, and is led by one director and one owner. Regular import and export activity is noted, with 263 months of importing wood and wood products and three months of exporting the same.

The company’s website describes Global Panel Products Ltd as agents and distributors of birch plywood to the furniture and vehicle building industry, specializing in plywood and wood-based panel products. It also highlights its connection to Global Forest Products Limited. The website mentions membership in the Woodme Wood Trade Directory, indicating a focus on industry networking.

Financially, Global Panel Products Ltd presents a mixed picture. Cash reserves have significantly decreased by 65%, dropping to £890,000. Debtor values have risen sharply by 200%, reaching £1.1 million, while creditors have fallen by 77%, down to £87,000. The company’s equity has also decreased by 12%, to £2.6 million. It’s a small company, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). The decrease in average employees reported from six to four is a slight concern, but the company’s £2,683,321 current assets are a positive sign. No auditor is mentioned, which is common for small, exempt companies. The rise in bank borrowings is a little worrying, but the decrease in creditors suggests better management of existing debt.

Registered in England/Wales under the registration number 03689377, with a registered address at W1W 5PF, England, London, 167-169 Great Portland Street, 5th Floor.

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