Globaltec Innovation Ltd
- Small
- Active
- 9 years
- 9 employees
- £462,845 (assets)
- Real address
- 3 directors
- 2 owners
- Regular importer
- Regular exporter
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Globaltec Innovation Ltd, based in Colchester, UK, is a small, active company founded nine years ago in 2015. Employing nine people and holding £462,845 in assets, it operates from a real address and is overseen by three directors and two owners. The company regularly imports electrical machinery and equipment (18 months of activity) and exports toys, games, and sports equipment (85 months of activity).
The company's website, infoglobaltechinov.com, reveals a business focused on IT solutions and services in Nepal. It offers cybersecurity, technology consulting, and innovative business solutions, targeting companies seeking to promote their businesses. The site highlights services like antivirus installation, robot installation, and digital attendance tracking. It’s a little confusing—the website’s location is Nepal, while the company is registered in the UK.
Financially, Globaltec Innovation Ltd shows some concerning trends. While current assets increased by 13% to £460,000, net assets declined by 29% to -£110,000, indicating significant losses. Bank borrowings decreased by 14% to £35,000, which is good, but cash reserves plummeted 51% to £39,000. Trade debtors increased dramatically by 460%, suggesting potential issues with collecting payments, and creditors increased by 20%. The company meets the criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), and is exempt from an audit.
Overall, Globaltec Innovation Ltd appears to be struggling financially, despite its active import and export operations. The company’s dual presence – UK registration and Nepalese operations – could be a factor, and the sharp decline in equity raises questions about its long-term sustainability.
Registered in England/Wales under the registration number 09837293, with a registered address at CO7 0SF, England, Colchester, Unit 28 Morses Lane, Brightlingsea.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 4 years
- 2
- 25%+
-
Resident of United Kingdom
-
Individual
- 9 years
- 1
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 6 years
- 2
-
Resident of United Kingdom
-
Individual
- 7 years
-
Resident of United Kingdom
-
Individual
- 9 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted three months ago.
Last news
-
Confirmation statement made on 2025-03-08 with no updatesDownload 3 pages pdf report
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Confirmation statement made on 2024-03-08 with no updatesDownload 3 pages pdf report
-
Total exemption full accounts made up to 2023-10-31Download 9 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Globaltec Innovation Ltd
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