Goldthorn Global Ltd

Goldthorn Global Ltd from Wolverhampton UK: a small, active company founded two years ago, holds £10,067 in assets, and operates from a real address. With one director and two owners (Singh Bagga and Singh Harpreet), it’s a family business navigating the import market. The company is irregular importer, bringing in clothing and accessories made by knitting or crocheting for just two months, with the last import occurring in November 2022. It’s also involved in the wholesale of clothing and footwear.

The company’s website is not available, making it difficult to assess its online presence or e-commerce activities. It’s unclear if they have a dedicated online store or rely solely on wholesale channels.

Financially, Goldthorn Global Ltd presents a mixed picture. While it meets the criteria for a small company (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the numbers reveal some challenges. Current assets remain at £10,000, but net assets are in negative territory at -£970. Bank cash on hand is a modest £1,100, and creditors stand at £11,000. The company’s retained earnings and accumulated losses are also negative. Despite these figures, creditors have remained consistent, suggesting some level of debt management. The accounts are abridged, unaudited, and prepared under FRS 102 Section 1A for small entities. There’s no mention of an auditor.

The negative equity and reliance on creditors suggest the company may be burning through cash, though it’s likely a common situation for a young company. The lack of employees (zero reported) indicates a lean operation, and the irregular import activity suggests a niche market strategy. It’s possible the company is reinvesting profits back into the business, but further financial data would be needed to confirm this.

Registered in England/Wales under the registration number 14221109, with a registered address at WV4 6AJ, United Kingdom, Wolverhampton, 28 Veronica Avenue.

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