Solomon Global Ltd

Solomon Global Ltd from London UK: a small, active company founded four years ago, employs 18 people, and holds £1,083,278 in assets. It’s a real address with two directors and one owner—a solo founder—and boasts a stellar 5.0 Google rating from seven reviews. The company operates in the agents specialized in the sale of other particular products, the retail sale via mail order houses or via internet industries.

The business appears to be focused on investment services, with a registered address at SW7 4AG, England, London. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company’s website is not available, so it’s difficult to determine if it’s an e-commerce operation or primarily a service-based business.

Financially, Solomon Global Ltd shows a mixed picture. While net assets improved slightly, rising from -£1.1 million to -£0.3 million, other key indicators point to challenges. Current assets have decreased by 36%, dropping to £1.1 million, and net current assets liabilities have also decreased, falling by 69% to -£340,000. Bank borrowings have increased, and cash reserves have fallen by 8.2%. The company’s administrative expenses have decreased significantly, by 36%, which is a positive sign. However, the increase in trade debtors by 40% could indicate difficulties in collecting payments. The company’s interest payable has decreased to zero. The company's turnover increased by 18% to £11 million. The company’s auditors are Bright Grahame Murray.

Despite these challenges, Solomon Global Ltd’s small size allows for agility. The company's solo founder, Wilson Scott, and directors, Farr Richard Eric and Williams Paul Frederick, are likely working hard to navigate these pressures. It’s a company with potential, but one that needs to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 12997935, with a registered address at SW7 4AG, England, London, 3rd Floor 114a Cromwell Road, Kensington.

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