Global Reach Trading Ltd

Global Reach Trading Ltd, based in Cardiff, UK, is a small, active company founded 14 years ago. Despite its longevity, the business has overdue accounts for six years and confirmation statements for five, a bit concerning. The company has a real address, is managed by one director and one owner, and regularly imports toys, games, and sports equipment—nine months of imports were recorded, with the last operation in November 2022.

The company’s website reveals a broader scope than initially apparent. Global Reach Trading Co, as it’s branded online, positions itself as a leading product import company based in Newark, DE, USA. It specializes in sourcing high-quality products from around the world, catering to retail, wholesale, and distribution clients. The site emphasizes expertise in product sourcing, supply chain management, and customs compliance, suggesting a focus on facilitating international trade rather than direct retail. It even has a contact form for potential clients to reach out.

Financially, Global Reach Trading Ltd presents a mixed picture. While cash reserves increased by a respectable 120% to £5,500, current assets decreased by 190% to £110,000. Bank borrowings jumped a whopping 260% to £28,000, and creditors increased by 90% to £110,000. Equity, however, saw a dramatic turnaround, surging 250% to £15,000 from a negative £9,900. Trade debtors ballooned by 500% to £89,000, which could be a sign of increased sales but also potential collection issues. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant increase in debt raises questions about its financial sustainability. No auditor is mentioned, which is typical for a small, exempt company.

In short, Global Reach Trading Ltd seems to be growing its import business, but it’s also taking on more debt. Whether this is a calculated risk to fuel expansion or a sign of financial strain remains to be seen. The company's focus on international trade, combined with its small size, suggests a business navigating a complex and competitive landscape.

Registered in England/Wales under the registration number 07503228, with a registered address at CF14 8LH, Cardiff, 07503228 - COMPANIES HOUSE DEFAULT ADDRESS.

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