Globe Engineering Limited

Globe Engineering Limited, based in Woodford Green, UK, is a small, holding company with an active status. Established 17 years ago in 2008, it employs 19 people and holds £1,415,746 in assets. The company operates from a virtual address, a detail worth noting as 742 other companies are registered at the same location. It’s managed by three directors and owned by one individual. Globe Engineering runs an e-commerce site and is a regular exporter of electrical machinery and equipment, with five months of export activity recorded, the latest in June 2023. It’s an irregular importer of machinery, boilers, and mechanical appliances, with just one month of import activity noted as of November 2018.

The company’s website, salesglobetools.co.uk, showcases a wide range of welding supplies, cutting machines, and power tools. It caters to trade customers, offering free delivery on orders over £75 and a dedicated sales team. The site also highlights partnerships with brands like 3M, BOC, and Bosch, suggesting a focus on quality and established suppliers. A physical store is located in Grays, Essex, providing a local presence for customers.

Financially, Globe Engineering Limited presents a mixed picture. While current assets remained relatively stable at £1,400,000, net assets increased by 8.8% to £1,300,000. Cash bank on hand grew by 17% to £960,000, a positive sign of liquidity. However, trade debtors decreased by 23%, which could indicate slower payments from customers or a change in credit policies. Creditors also increased by 10%, suggesting potentially higher short-term obligations. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble. With no auditor mentioned, the financial statements are unaudited.

The company’s net current assets liabilities decreased by 8.5%, which could be a cause for concern. The increase in property, plant, and equipment by 70% to £640,000 is also notable, perhaps reflecting investment in its physical store or equipment. Overall, Globe Engineering Limited appears to be a steady, if somewhat small, operation, navigating the challenges of the current economic climate.

Registered in England/Wales under the registration number 06510963, with a registered address at IG8 8HD, United Kingdom, Woodford Green, Essex, 19-20 Bourne Court Southend Road.

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