Product Global Ltd

Product Global Ltd, based in Newcastle Upon Tyne, UK, is a small, active company founded eight years ago in 2017. It employs seven people and holds £776,489 in assets, operating from a real address. With three directors and two owners, the company is a regular importer of machinery, boilers, and mechanical appliances; parts, with 14 months of import activity recorded. It’s also an irregular exporter, with just one month of export activity.

The company’s website, Global Beauty Products Ltd, reveals a different venture entirely. It’s a B2B supplier of private label beauty products, specializing in brow lamination, lash lifting, and hybrid tinting solutions. The site caters to beauty professionals and brands, offering customizable kits and a range of ingredients. It emphasizes uncompromising quality standards, ethical beauty practices (vegan and cruelty-free), and advanced ingredients like cocoa butter and biotin. The company even boasts 300 global clients and low minimum order quantities, suggesting a successful business model.

Financially, Product Global Ltd presents a mixed picture. Current assets have decreased by 14%, dropping to £780,000, while net assets have increased by 15%, reaching £1.3 million. Bank borrowings remained stable at £60,000, but cash reserves have significantly improved, increasing by 120% to £210,000. Creditors have dramatically reduced by 73%, indicating improved debt management. The company meets two of three criteria to be considered small, with turnover under £10.2 million and assets under £5.1 million. Despite the positive trends, corporation tax payable has increased by a staggering 680%, reaching £66,000, which could be a concern. There’s no auditor mentioned, which is typical for small companies. The increase in average number of employees from 7 to 11 is also a noteworthy change. Overall, Product Global Ltd seems to be navigating its growth, though the sharp increase in tax payable warrants further investigation.

Registered in England/Wales under the registration number 10581350, with a registered address at NE6 4LT, England, Newcastle Upon Tyne, Unit 3 Fisher Street.

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