Global Rapid Sourcing Limited

Global Rapid Sourcing Ltd from Dudley, UK, is a small, active company founded 11 years ago in 2013. With three employees and £225,287 in assets, it's a solo-founded operation managed by a single director and owner. The business regularly imports clothing and accessories made by knitting or crocheting, with a substantial 160 months of import activity recorded, the latest in February 2025.

The company operates in the other retail sale not in stores, stalls or markets industries, and its website highlights a broader scope. Global Rapid Sourcing deals in importing and supplying products, including grains, pulses, fabric, dry fruits, and spices. It positions itself as a competitive supplier, boasting a dynamic network that allows it to work with large companies and major suppliers. The site emphasizes timely delivery, high-quality products, and market-competitive rates. It even has a blog section, though it's not regularly updated.

Financially, Global Rapid Sourcing Ltd presents a mixed picture. Cash bank on hand has declined by 21% to £9,200, while creditors have decreased slightly, both within and after one year. Current assets have fallen by 7.4% to £230,000, and net assets have increased by 9.3% to £29,000. Interestingly, total inventories have jumped by 34% to £220,000—a significant increase that could indicate a buildup of stock. 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 stay agile, but the increase in inventories suggests it may be holding more stock than it’s selling. The accounts are abridged and unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Global Rapid Sourcing Ltd appears to be navigating a period of change. While it’s maintaining a steady stream of imports and emphasizing its competitive pricing, the financial data suggests it’s working to manage its stock levels and maintain profitability.

Registered in England/Wales under the registration number 08774998, with a registered address at DY2 8BP, Dudley, West Midlands, 3 Lyndale Road.

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