Globus Medical Uk Ltd

Globus Medical Uk Ltd from Elstree, UK, is a small holding company with an active status, established seventeen years ago in February 2008. Despite its longevity, the company currently has accounts overdue by one year, a potential red flag. Employing forty-four people, Globus Medical Uk Ltd holds assets valued at £4,142,439. The registered address is real, with only one other company registered there, suggesting a relatively low-profile operation. Two directors and one owner (though this list may not be exhaustive) steer the company. It regularly imports and exports optical and medical tools and devices, with twenty-three months of import activity and sixteen months of export activity recorded.

The company operates in the other professional, scientific and technical activities n.e.c. industries, and is a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. While no website is available for review, the company’s financial data reveals a complex picture.

Net assets have remained stable at £2,000,000, but cash reserves have significantly increased by 140% to £1,300,000. Trade debtors have decreased by 15%, suggesting better debt collection, but creditors have risen by 13%, potentially indicating increased reliance on short-term financing. Bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. The company’s workforce has grown substantially, with the average number of employees increasing by 36% to sixty. This growth, combined with a 280% increase in corporation tax payable, could be a sign of expanding operations, but also increased financial obligations.

Depreciation on property, plant, and equipment has seen some fluctuations, with a notable increase in leased assets and a decrease in plant machinery. Overall, Globus Medical Uk Ltd appears to be navigating a period of change, with growth in some areas offset by increased debt and tax liabilities. The absence of an auditor mentioned suggests the company is exempt from an audit as a small company, so the figures rely on unaudited director reports.

Registered in England/Wales under the registration number 06491893, with a registered address at WD6 3BS, United Kingdom, Elstree, Hertfordshire, Suite B, Ground Floor, Caspian House The Waterfront.

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