Global Stock Clearance Ltd

Global Stock Clearance Ltd from London UK: a small, active company founded five years ago, employs seven people, and holds £156,970 in assets. Operating from a virtual address and managed by one director and owner, it runs an e-commerce site. The company operates in the non-specialised wholesale trade and retail sale via mail order houses or via internet industries.

It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. The business has a strong track record, offering wholesale stock from bankrupt and liquidation sources at low prices. It caters to startups, wholesalers, market traders, shop owners, and online sellers. The company’s website lists a wide range of products, including clothing, footwear, candles, gift stock, and more. It even hosts auctions for unique items.

Financially, Global Stock Clearance Ltd shows a mixed picture. Cash bank on hand increased by 56% to £38,000, while creditors rose by 5.3% to £380,000. Trade debtors decreased slightly by 2% to £94,000. Equity, however, dropped 1.7% to -£160,000. Loans from directors decreased significantly by 35% to £36,000. The company’s net assets and liabilities remain negative. The accounts are unaudited, reflecting its status as a small entity exempt from audit.

The rise in creditors and the negative equity suggest the company might be facing some financial pressures, although the increased cash reserves offer a bit of breathing room. It’s possible the company is investing in inventory or expanding its operations, but careful management will be key to ensuring long-term stability.

Registered in England/Wales under the registration number 12304653, with a registered address at CF14 8LH, Cardiff, 12304653 - 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.