Sterling Worldwide Ltd

Sterling Worldwide Ltd is a small, active company based in London, UK, founded nine years ago in 2016. With just one employee and £14,237 in assets, it’s a lean operation managed by a single director and owner. The company has a real registered address and regularly imports clothing and accessories made by knitting or crocheting, with 17 months of import activity recorded, the last in 2021.

The company’s website, Sterling Global Financial, paints a very different picture. It’s a global asset management firm focused on real estate, infrastructure, and financial services. The site highlights investment management, mortgage income funds, private equity, and even marina management. It's a sophisticated operation with a focus on high-value assets and a client login area—a stark contrast to the seemingly smaller-scale import business. The site mentions a Grand Hyatt Resort planning a fall debut in Grand Cayman, hinting at a broader international presence.

Financially, Sterling Worldwide Ltd is showing some concerning trends. Cash reserves have fallen significantly, dropping 53% to just £520. Bank borrowings decreased slightly, but creditors have increased, and net assets are down 14% to -£100,000. While trade debtors have increased, suggesting better collection, the overall picture is one of a company burning through cash. The company meets two of three conditions to be considered small, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are described as "filleted" and unaudited, relying on director-reported data.

The disconnect between the import business and the asset management website is striking. It's possible Sterling Worldwide Ltd is a smaller subsidiary or a holding company for Sterling Global Financial, but this isn't clear from the available information. The company's small size and negative equity suggest it's facing financial pressures, though the asset management arm may be a source of potential future revenue.

Registered in England/Wales under the registration number 10076158, with a registered address at E6 3LD, United Kingdom, London, 84 Denbigh Road.

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