Global Supplies Ltd

Global Supplies Ltd, based in Wembley, UK, is a small, active company founded seven years ago. With two employees and £278,676 in assets, it’s a modest operation managed by two directors and one owner. The company is registered at a real address and has been importing furniture, lighting, and prefabricated buildings irregularly, with the last import operation occurring over two years ago in November 2021. It operates within the manufacture of electric domestic appliances industries.

The company’s website is currently unavailable, making it difficult to determine the specifics of its operations beyond the import data. It’s unclear whether they operate an e-commerce site or primarily engage in wholesale distribution.

Financially, Global Supplies Ltd presents a concerning picture. While the company meets the criteria for a small business (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), its financial health is fragile. Current assets have fallen by 7.4% to £280,000, and net assets have plummeted by a staggering 960% to -£11,000. Cash reserves have also taken a hit, decreasing by 73% to just £1,000. Creditors remain relatively stable, but the sharp decline in equity suggests the company is burning through cash. Trade debtors have increased by 62%, which could indicate difficulties in collecting payments. The accounts are unaudited, which is common for small companies, and were prepared by CCH Software.

The company’s irregular import activity and the recent financial downturn suggest it may be facing challenges. Whether this is a temporary setback or a longer-term trend remains to be seen, but the company will need to address its cash flow issues to ensure its survival.

Registered in England/Wales under the registration number 11370469, with a registered address at HA0 1BN, England, Wembley, 91 Manor Farm Road.

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