Global Product Supplies Ltd

Global Product Supplies Ltd, based in Yeovil, UK, is a small, family-run business with an active trading status. Founded 18 years ago, the company employs three people and holds £163,631 in assets. With a real registered address and two directors and owners at the helm, it’s a tight-knit operation. The firm regularly imports miscellaneous metal items, with 60 months of import activity recorded, and exports iron or steel products, boasting 89 months of export activity.

The company’s website positions it as a "Global Sourcing Partner" offering manufacturing, cold-formed fastener supply, stock management, quality service, prototyping, and even low-cost product design assistance. It operates from The Old Glove Factory in Sherborne and emphasizes its use of CNC technology and network of key partners. The site also highlights its family business ethos and commitment to technology and service.

Financially, Global Product Supplies Ltd shows some concerning trends. Current assets have fallen significantly by 54%, dropping to £160,000, while net assets have also decreased by 7.7%, reaching £160,000. Bank borrowings have remained steady at £9,600, and cash reserves have fallen by 15%, reaching £130,000. Trade debtors have plummeted by a massive 93%, suggesting a possible issue with customer payments, and creditors have also decreased significantly. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the drop in assets and debtors is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Global Product Supplies Ltd is facing some financial headwinds. While its sourcing partnerships and diverse services suggest a solid foundation, the recent downturn in assets and debtors raises questions about its short-term stability.

Registered in England/Wales under the registration number 05841499, with a registered address at BA20 1DW, Yeovil, Somerset, 1 Park Gardens.

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