Globe Manufacturing Ltd

Globe Manufacturing Ltd, based in Brentwood, UK, is a small, holding company with an active status, having been founded 71 years ago in 1954. The company employs 56 people and holds assets totaling £1,215,181. It's led by four directors and owned by Globe Uk Holdings Ltd. Globe Manufacturing regularly imports miscellaneous metal items (99 months of import activity) and exports machinery, boilers, and mechanical appliances (240 months of export activity).

The company’s website showcases a precision engineering business with a long history. Globe Manufacturing provides subcontract machining, tooling, concealed hinge manufacturing (through its partnership with SOSS), and inspection services. It’s clear the company prides itself on customer satisfaction, accountability, and respect—core values reflected in its long-standing relationships with clients. The website also highlights a history in the can tooling industry and a quality inspection laboratory equipped with modern equipment.

Financially, Globe Manufacturing Ltd presents a mixed picture. Current assets have decreased by 21%, dropping to £1.2 million, while net assets have plummeted a staggering 95%, leaving only £20,000. Bank borrowings have also declined, and cash reserves have fallen significantly by 80%, leaving only £9,400. However, creditors have decreased by 19%, which could indicate improved debt management. The company meets two of the three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The significant drop in equity is concerning, and the lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s financial data also reveals some interesting trends. Accumulated depreciation impairment for property, plant, and equipment has decreased by 45%, while amounts owed to group undertakings have increased by 98%. It's a lot to take in, and it's clear the company is facing some challenges, but its long history and diverse range of services suggest it has the potential to weather the storm.

Registered in England/Wales under the registration number 00528701, with a registered address at CM13 1TB, England, Brentwood, Essex, 28 Wash Road, Hutton Industrial Estate.

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