Global Services (europe) Ltd

Global Services Europe Ltd, based in Exeter, UK, is a small holding company with an active status, established fifteen years ago. Employing thirty-five people and holding assets of £3,134,283, the company operates from a real address and is overseen by three directors and one owner. It's a regular importer and exporter, specializing in machinery, boilers, and mechanical appliances, with a history of 391 months of imports and 1293 months of exports.

The company’s website highlights its role as a supplier to the superyacht, commercial shipping, and cruise line industries. Operating from offices in the UK, The Netherlands, and Palma, Global Services provides tools, spare parts, equipment, and consumables. They offer a comprehensive service, including storage solutions, mobile phone plans, inventory management, and logistical support, aiming to eliminate procurement burdens for their clients. The site is full of testimonials from satisfied customers, many of whom are captains and chief engineers praising the company's responsiveness and efficiency.

Financially, Global Services Europe Ltd shows some concerning trends. While current assets increased by 13% to £3,100,000, net assets dramatically decreased by 42% to £120,000. Bank borrowings were reduced by 45% to £100,000, which is good, but cash reserves rose by a significant 93% to £340,000. Trade debtors increased by 11% to £2,200,000, which could be a sign of slower payments. Creditors also rose by 17% to £3,200,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The lack of an auditor mentioned suggests the company is exempt from an audit.

Overall, Global Services Europe Ltd appears to be navigating a period of change. While its core business of supplying the marine industries seems to be thriving, the sharp decline in equity raises questions about its long-term financial stability.

Registered in England/Wales under the registration number 07125230, with a registered address at EX2 5GL, United Kingdom, Exeter, Devon, 28 Trade City Apple Lane.

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