Halite Global Ltd

Halite Global Ltd is a small, active company based in Manchester, UK, established twelve years ago in 2013. It operates with three employees and holds £41,358 in assets. The company’s registered address is a virtual one, shared by sixty-two other businesses, suggesting a shared service arrangement. Two directors and one owner, Naseem Irfan, steer the company, which is a solo-founded operation. Halite Global Ltd is an irregular importer, primarily dealing in salt, sulphur, earths, stone, plaster, lime, and cement, with just two months of import activity recorded as of May 2021.

The company's website reveals a broader scope of operations, encompassing the manufacture of condiments and seasonings, the wholesale of sugar and chocolate confectionery, coffee, tea, cocoa, and spices, and even the extraction of salt industries. It’s a diverse portfolio, though the website’s presence is minimal, lacking detailed product listings or a robust e-commerce functionality. It seems more of an informational site than a fully-fledged online store.

Financially, Halite Global Ltd presents a mixed picture. Current assets have increased by a significant 64%, reaching £41,000, but net assets have dramatically improved from -£41,000 to a positive £3,800—a substantial turnaround. Bank borrowings have decreased by 15%, settling at £42,000, and cash reserves have more than doubled to £27,000. However, trade debtors have exploded, increasing by an astonishing 3,600% to £11,000, which could indicate difficulties in collecting payments or a shift towards offering credit terms. Equity has improved dramatically, but it's important to note that the company is still small, meeting only two of the three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). No auditor is mentioned, which is common for small, exempt companies.

The sudden increase in debtors is something to keep an eye on. It could be a temporary blip, or it could signal underlying issues with sales or customer management. The company’s ability to manage its finances and maintain its improved equity position will be crucial for its long-term success.

Registered in England/Wales under the registration number 08492465, with a registered address at M21 7SA, Manchester, 651a Mauldeth Road West, Chorlton.

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