Ics Globe Europe Ltd

Ics Globe Europe Ltd, based in Welwyn Garden City, UK, is a small, active company founded eight years ago. With a single employee and £266,964 in assets, it’s a solo founder operation overseen by five directors. The company operates as a regular importer and exporter of iron or steel products, having imported for 37 months and exported for 12 months, with the most recent activity in July 2024 and November 2023 respectively. It’s a real address, with only three other companies registered there.

The company’s website, posttensioningsupplies.co.uk, focuses on the post-tensioning industry, specifically supplying products like galvanized steel ducts, profiling chairs, and post-tensioning accessories. It offers a range of products for various projects, including slab and multi-strand applications. The site also highlights services like quality assurance, HSE (Health, Safety, and Environment) policies, and a contact form. The website’s design is simple, with a clear menu structure guiding visitors through the product categories and company information. It appears to be primarily a supply-focused business, without a strong e-commerce presence—visitors are directed to contact the company directly for inquiries.

Financially, Ics Globe Europe Ltd presents a mixed picture. Current assets have decreased by 29%, falling to £270,000, while net assets have increased by 45%, reaching £110,000. Cash reserves have seen a significant boost, growing by 91% to £57,000. However, trade debtors have plummeted by 64%, dropping to £49,000, which could indicate challenges in collecting payments or a shift in credit terms. Creditors have also decreased by 48%, falling to £160,000, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million and assets under £5.1 million. The lack of an auditor mentioned likely means the accounts are unaudited.

Overall, Ics Globe Europe Ltd seems to be navigating a period of change. While cash reserves are healthy and debt management has improved, the decrease in trade debtors warrants attention. The company’s focus on a niche market—the post-tensioning industry—and its lean operational structure may help it weather these fluctuations, but sustained growth will depend on maintaining strong customer relationships and efficient collection practices.

Registered in England/Wales under the registration number 10384172, with a registered address at AL7 1TW, England, Welwyn Garden City, Hertfordshire, 2 Falcon Gate, Shire Park.

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