Touch Global (uk) Limited

Touch Global UK Ltd, based in Lincoln, UK, is a medium-sized holding company active for 19 years, employing 40 people and managing assets worth £28.39 million. The company generates £19.53 million in revenue annually, though it operates from a virtual address where 127 other companies are registered – a potential red flag. It’s led by three directors and has one owner, and currently holds a 2.0 rating on Google based on 71 reviews. The company regularly imports textile products, sets, used clothing, and rags (176 months of activity), but exports headgear and accessories only sporadically (2 months).

The company's website, Touch Global UK Ltd, highlights its focus on retail sales through mail order and the internet. It also emphasizes its growing e-commerce presence and a desire to "push ourselves further into new opportunities." Notably, the website mentions a warehouse and offices in Lincoln, but discourages general public visits, indicating a business model geared towards online transactions. A section dedicated to "Our Brands" suggests a diverse product range, catering to various customer needs, from home furnishings to wedding decorations.

Financially, Touch Global UK Ltd presents a mixed picture. While cash and cash equivalents increased by a substantial 100% to £9.7 million, current assets overall rose by 65% to £28 million. However, net assets decreased by 22% to £4.9 million, and bank borrowings increased significantly, suggesting a reliance on external financing. A notable decrease in staff costs, down 75% to £240,000, could indicate restructuring or automation efforts. The company’s turnover has decreased by 7.3% to £20 million. With no auditor mentioned, the financial statements are unaudited.

Overall, Touch Global UK Ltd appears to be navigating a period of change. The company’s focus on e-commerce and brand diversification, alongside the increased reliance on external financing, suggests an attempt to scale operations. However, the decline in net assets warrants careful monitoring.

Registered in England/Wales under the registration number 05723884, with a registered address at LN1 1XG, England, Lincoln, 15 Newland.

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