Global Teck Ltd

Global Teck Ltd is a small, active company based in Walsall, UK, founded seven years ago in 2017. Employing just two people, it operates from a real address and is led by a single director and owner. The company’s status is active, and it meets two of the three criteria to be classified as a small company: turnover under £10.2 million and a balance sheet total under £5.1 million.

The business focuses on retail sales via mail order and the internet, alongside other service activities. Its website showcases a broader scope, with divisions dedicated to "10 Fold Services" (strategic consulting and procurement for health and wellness companies) and "GOe3" (developing solar-enhanced electric vehicle charging stations across the US). It also has a presence in the health and wellness and electric vehicle (EV) sectors. The site’s design suggests a company aiming for growth, with investor information and news updates prominently displayed.

Financially, Global Teck Ltd’s recent performance presents a mixed picture. Net assets have declined by 3.7% to -£6200, and net current assets and liabilities have fallen by 28% to £5400. Bank borrowings have decreased by 17% to £12000, and cash reserves have fallen. However, creditors have also decreased by 17%, suggesting improved debt management. Inventory has increased by 10% to £29000. The company’s small size allows for agility, but the decrease in equity raises questions about its long-term stability. It’s worth noting that the accounts are unaudited and were prepared by Taxfiler.

While the company’s ambitions are clear from its website, the financial data suggest it’s navigating a challenging period. The decrease in equity and the reliance on bank borrowings could indicate that Global Teck Ltd is burning through cash—though it’s also possible that increased inventory is a sign of expansion.

Registered in England/Wales under the registration number 11068796, with a registered address at WS2 9QB, England, Walsall, 22 Drayton Street.

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