Globovac Ltd

Globovac Ltd from Wellington UK is a small holding company with an active status, established fifteen years ago in 2010. Employing just four people, the company holds assets worth £362,600 and operates from a real address. Led by one director and owned by two individuals (though this list may not be exhaustive), Globovac Ltd regularly imports electrical machinery and equipment—a consistent activity spanning five months, with the latest import occurring in February 2025. It also exports optical and medical tools and devices, though this is a less frequent occurrence, with only one month of export activity recorded in December 2024.

The company’s website is currently unavailable, making it difficult to ascertain the specifics of its operations beyond the import/export data. It appears to be involved in the steam and air conditioning supply industries.

Financially, Globovac Ltd presents a mixed picture. Current assets have decreased by 13%, dropping to £360,000. Bank borrowings have increased by 11%, reaching £53,000, while cash reserves have fallen by 31% to £25,000. Creditors have seen a significant jump, rising by 78% to £370,000—a notable shift. Trade debtors have also declined by 19%, suggesting a potential issue with customer payments. Despite these challenges, the company’s small size (meeting two of three conditions for being classified as small) allows for agility. The unaudited financial statements, lacking an auditor’s review, rely on director-reported data.

The sharp increase in creditors, combined with the decrease in cash reserves, suggests Globovac Ltd may be burning through cash faster than it’s generating revenue. Whether this is a temporary setback or a longer-term trend remains to be seen, but the company will need to carefully manage its finances to ensure its continued operation.

Registered in England/Wales under the registration number 07136686, with a registered address at TA21 9JQ, United Kingdom, Wellington, Somerset, Unit 8c Castle Road, Chelston Business Park.

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