Globstar Enterprise Ltd

Globstar Enterprise Ltd, based in London, UK, is a small, family-run business with an active status. Founded 34 years ago in May 1991, the company employs just two people and holds £21,765 in assets. It operates from a virtual address – twenty-three other companies share the same location – and is managed by four directors and three owners. Globstar Enterprise Ltd is an irregular importer, primarily dealing in optical and medical tools and devices, with just two months of import activity recorded, the last in June 2020.

The company’s website, while not providing detailed information, reveals that Globstar Enterprise Ltd operates in the wholesale of computers, computer peripheral equipment and software, the non-specialised wholesale trade, and the other letting and operating of own or leased real estate. It seems to be a fairly broad range of activities, though the limited online presence suggests a business focused on B2B rather than direct consumer sales. There's no indication of e-commerce activity.

Financially, Globstar Enterprise Ltd presents a mixed picture. Accumulated depreciation has remained steady, but bank borrowings have increased significantly by 550%, reaching £5,100. Cash reserves have also decreased by 36%, falling to £6,500. Creditors have risen by 45%, reaching £100,000, while current assets have only slightly increased to £22,000. Despite the small size – meeting two of three criteria for a small company – the increase in borrowings and decrease in cash raise concerns. The company's net assets liabilities are at £3200000, a slight decrease from the previous year. The lack of an auditor, likely due to its small size, means these figures are unaudited.

Overall, Globstar Enterprise Ltd appears to be navigating a challenging financial landscape. While its long-standing presence suggests a degree of resilience, the recent trends indicate a need for careful management to avoid burning through cash. The company's diverse business interests and family ownership structure could be both a strength and a weakness, depending on how effectively they are coordinated.

Registered in England/Wales under the registration number 02613339, with a registered address at N3 1QB, England, London, C/O Kingsley Maybrook Ltd, Unitec House, 2 Albert Place.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.