Goldtop International Ltd

Goldtop International Ltd from Brentwood UK: small company, active status, founded 8 years ago, 4 employees, £412,986 assets, virtual address, 2 directors, 2 owners, family business. Regular importer of leather goods, travel bags, and animal harnesses (12 months imported). Regular exporter of clothing and accessories, not knitted or crocheted (11 months exported). Goldtop International Ltd operates as a retailer of motorcycle clothing and accessories, with a history stretching back to 1951. The company’s website, Goldtop Motorcycle Outfitters Clothiers, showcases a wide range of products, from jackets and gloves to boots and bags, catering to motorcycle enthusiasts. It also boasts a strong online presence, with a dedicated section for product care and a blog featuring articles on motorcycle-related topics.

The company’s registered address is a virtual address, with 655 other companies registered at the same location, which is not unusual for small businesses. It's 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. Goldtop International Ltd is a family business, run by two directors and two owners, Cullen Joseph and Cullen Kevin James. The company has been importing leather goods, travel bags, and animal harnesses for twelve months, with its last import operation occurring in January 2025. It also exports clothing and accessories, not knitted or crocheted, for eleven months, with the last export operation taking place in August 2024.

Financially, Goldtop International Ltd shows some interesting trends. Cash reserves have decreased by 27%, dropping to £220,000, while bank borrowings have increased significantly. Creditors have also risen by 15%, suggesting the company is relying more on credit. However, trade debtors have fallen, which could indicate improved payment collection. The company's net current assets and liabilities have both decreased, reflecting a tightening of the balance sheet. The company’s total inventories have increased by 160%, which could be a sign of increased sales or a build-up of stock.

Despite these changes, the company remains active and continues to operate in both import and export markets. It’s worth noting that the company is exempt from an audit, and the financial statements are unaudited. The decrease in cash reserves and increase in borrowings could be a result of increased investment in inventory or marketing efforts, or perhaps a period of slower sales. The company’s continued operation, despite these changes, suggests a resilient business model.

Registered in England/Wales under the registration number 10622555, with a registered address at CM13 1AB, England, Brentwood, Essex, Create Business Hub, Ground Floor 5 Rayleigh Road, Hutton.

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