United Global Enterprise Ltd

United Global Enterprise Ltd, based in London, UK, is a small, active company founded six years ago in 2018. It's a solo-founder operation with one director and owner, holding £67,943 in assets. The company operates from a real address and is a regular importer, with its top import category being Plastics and plastic products, totaling 4 months of imports, the last being November 2023. The company’s website indicates a focus on providing IT services and hardware, offering everything from network optimization to full-stack development.

The website paints a picture of a business aiming to be a one-stop shop for IT needs, offering services like data management, security consulting, and even disaster recovery. It’s clearly targeting businesses looking to outsource their IT infrastructure and expertise. The site boasts a range of benefits, including professional expertise, tailored solutions, competitive pricing, and timely support. It even has a section dedicated to "What We Do" with a list of services and a section on "About United Global Enterprise" with a contact form.

Financially, United Global Enterprise Ltd presents a mixed picture. While current assets increased by 10% to £68,000, net assets plummeted 77% to just £2,100 – a significant drop. Bank borrowings remained steady at £50,000, but cash reserves declined by 42% to £21,000. Trade debtors increased dramatically, rising 200% to £26,000, suggesting potential issues with customer payments. Creditors also saw a large increase, rising 1000% to £27,000 within the year. The company meets two of three conditions to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the unaudited figures rely on director-reported data.

The company’s financial trajectory suggests it may be burning through cash, despite its active import and service offerings. Whether this is a temporary phase or a longer-term challenge remains to be seen, but for now, United Global Enterprise Ltd is relying on its IT expertise and service offerings to navigate the financial pressures.

Registered in England/Wales under the registration number 11559557, with a registered address at NW10 7GH, England, London, 18 Prospect House North Circular Road.

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