Globex Europe Limited

Globex Europe Ltd, based in Hertford, UK, is a small, active company founded fifteen years ago. With two employees and £404,199 in assets, it operates from a real address and is overseen by two directors and one owner. The company is a regular exporter of furniture, lighting, and prefabricated buildings (3 months exported), but its import activity is irregular (1 month imported). It’s classified as a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Globex Europe Ltd’s website, Globex Evacuation Chairs, focuses on providing solutions for safe evacuation of mobility-impaired persons. The company manufactures and sells evacuation chairs, training, and related accessories, catering to businesses and individuals needing to ensure compliance with safety regulations. The site emphasizes quality, ISO 9001 certification, and UK manufacturing, with models approved by TUV NORD. It offers a range of services, including surveys, demonstrations, training, and maintenance, and even provides tailored compliance packages. The site also highlights its expertise in stair climbing and spiral staircases, offering specialized chair models for those unique situations.

Financially, Globex Europe Ltd shows a mixed picture. Current assets have decreased by 17% to £400,000, while net assets have fallen by 3.5% to £350,000. Bank borrowings have decreased by 2.8% to £10,000, and cash reserves have dropped by 25% to £250,000. Creditors have significantly decreased by 55% to £52,000, suggesting improved debt management. The company’s average number of employees has also decreased by 50% to just one. The lack of an auditor mentioned—likely due to its small size—means the financial statements are unaudited.

Overall, Globex Europe Ltd seems to be navigating a period of change. While its financial position isn’s dire, the decrease in assets and employees, and the decline in cash reserves, suggest it’s facing some challenges. However, its focus on a niche market—safe evacuation equipment—and its commitment to quality and compliance, could help it weather the storm.

Registered in England/Wales under the registration number 07221661, with a registered address at SG14 1QW, United Kingdom, Hertford, Unit 1b Great Northern Works, Hartham Lane.

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