Global Spares Solutions Ltd

Global Spares Solutions Ltd, based in Glasgow, UK, is a small, active company founded eighteen years ago. With four employees and £92,366 in assets, it operates from a virtual address shared by forty-seven other companies. The business is led by three directors and one owner, Macdonald Andrew Milne Aytoun. It functions as a regular exporter of electrical machinery and equipment, with seven months of export activity recorded, the last in May 2022, but is an irregular importer, with just one month of import activity, also in April 2022.

The company’s website showcases a wide range of automotive parts and accessories, catering to popular brands like Mercedes, MINI, BMW, Volkswagen, Audi, Ford, and Skoda. It emphasizes used car parts, offering a cost-effective alternative to new components while promoting sustainability. The site also features articles and guides on car maintenance, tuning, and the benefits of used parts, targeting both individual car owners and automotive professionals. It’s clear the company is trying to build a strong online presence and establish itself as a reliable source for quality used car parts.

Financially, Global Spares Solutions Ltd presents a mixed picture. Current assets have decreased by 47%, dropping to £92,000, and net assets have fallen 18% to -£78,000. Bank borrowings are up 290%, reaching £23,000, and cash reserves have dropped significantly. While trade creditors have decreased by 73%, suggesting improved debt management, the overall trend points to financial pressure. The company’s small size (meeting two of three conditions for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) allows for flexibility, but the decline in equity is concerning. As a small company, it’s exempt from an audit, so the figures are unaudited. The company’s trading status is active, but it’s important to note that the average number of employees during the period has fallen to zero.

Registered in Scotland under the registration number SC305412, with a registered address at G2 4JR, Scotland, Glasgow, 272 Bath Street Bath Street.

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