Good News World Ltd

Good News World Ltd from Newark UK: small company, active status, founded 6 years ago, £181,498 assets, real address, 2 directors, 2 owners, family business. It’s a private limited company operating in the retail sale via mail order houses or via internet, book publishing, television programming and broadcasting activities, and the activities of head offices industries. Officially, it has two owners or PSCs, two directors and no number of employees published.

The company's website showcases a strong emphasis on spiritual content and ministry. It's not a typical e-commerce site with product listings and shopping carts. Instead, visitors are encouraged to become "partners" through various programs like "GoodNewsDaily," a daily devotional available in multiple languages, and initiatives supporting missions, evangelism, and rural ministry. There's a significant focus on digital content, with downloadable resources, live broadcasts, and a "Giving" section facilitating donations. While merchandise and books are mentioned, the primary function appears to be cultivating a community of supporters and disseminating spiritual teachings—a blend of religious outreach and digital engagement.

Financially, Good News World Ltd presents a mixed picture. While current assets have increased significantly to £180,000, a 100% growth, there's a concerning trend of increasing trade debtors, now at £130,000. This suggests the company is extending credit to customers, which could be a risk if payments aren’t received promptly. Accumulated depreciation impairment property plant equipment has also increased by 55% to £8400. Cash bank on hand has decreased by 42% to £53,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increase in debtors and decrease in cash reserves could indicate financial strain. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. The company’s equity has grown dramatically to £91,000, which is good news, but it’s important to monitor the cash flow closely.

Registered in England/Wales under the registration number 11470338, with a registered address at NG24 1HA, England, Newark, The Exchange Business Centre, Water Lane.

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