Globalization Partners Ltd.

Globalization Partners Ltd, based in Bicester, UK, is a large, active company founded eleven years ago in December 2013. Employing 680 people and holding £27,061,917 in assets, it operates from a virtual address—seventeen other companies registered at the same location—and is overseen by two directors and three owners. The company is an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with its last import activity occurring just one month ago in February 2024.

The company's website paints a picture of a global workforce solutions provider. It offers Employer of Record (EOR) services, contractor management, and AI-powered compliance tools, targeting businesses looking to expand internationally. The site emphasizes speed, compliance, and a network of global partners, showcasing integrations with HCM and payroll providers. It’s clearly geared towards businesses of all sizes, with dedicated sections for startups, mid-market companies, and enterprises, and even has a knowledge hub with resources on global HR and legal topics.

Financially, Globalization Partners Ltd shows a mixed picture. While turnover increased by 41%, reaching £130 million, net profit plummeted 79% to £880,000—a significant drop. Cash reserves fell 68%, leaving just £1.3 million, and bank borrowings increased by a staggering 2,400% to £29 million. Creditors also increased by 33%, reaching £1.5 million, while administrative expenses rose 47% to £8.7 million. The number of employees increased by 33% to 910. The company's auditor, Sarah Flint, conducted an audit, and the financial review notes a decline in deferred income.

Overall, Globalization Partners Ltd is a sizable company navigating a period of change. While revenue growth suggests a thriving business, the sharp decline in profits and the surge in borrowing raise questions about its financial health. The company’s focus on global expansion and technology-driven solutions may be contributing to these pressures, but whether it can successfully manage its growth remains to be seen.

Registered in England/Wales under the registration number 08799489, with a registered address at OX26 6QB, United Kingdom, Bicester, Oxfordshire, 2 Minton Place, Victoria Road.

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