Global Press Ltd

Global Press Ltd is a small, active company based in Droitwich, UK, founded eleven years ago in 2014. With just one employee and £52,558 in assets, it operates from a virtual address and is led by a single director and owner, who is also the solo founder. Accounts and confirmation statements are currently overdue for two years, a bit of a concern. The company’s core business is retail sale via mail order houses or via internet, focusing on training and employing local women reporters to cover global issues.

The company’s website highlights a mission-driven approach, emphasizing its women-led reporting team, global training program, multilingual journalism, and Duty of Care program. It’s clearly aiming to be a unique newsroom, partnering with philanthropists and offering support through live chat and newsletters. The website’s content is rich with stories about impact and testimonials from partners, showcasing a dedication to accurate and well-researched information.

Financially, Global Press Ltd presents a mixed picture. Cash bank on hand increased by 57% to £12,000, which is good, but bank borrowings jumped significantly to £50,000. Creditors have decreased dramatically, dropping 95%, which could be a positive sign of better debt management. However, trade debtors ballooned by 1600%, a substantial increase that may indicate challenges in collecting payments. Net assets grew by 81% to £11,000, but it’s important to note that the company’s losses deepened to -£4,900. The lack of an auditor mentioned suggests the company is exempt as a small business, relying on unaudited financial statements.

Overall, Global Press Ltd appears to be navigating a challenging period. While it’s expanding its reach and impact, the financial data suggests it’s burning through cash. Whether the company can sustain its growth and mission-driven approach remains to be seen—but its commitment to local women journalists and its unique reporting model are certainly noteworthy.

Registered in England/Wales under the registration number 08978241, with a registered address at WR9 9AY, England, Droitwich, Worcestershire, The Oakley, Kidderminster Road.

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