Venus Global Limited

Venus Global Limited, a small, active company founded 21 years ago, is facing some financial headwinds. Based in Hull, UK, the business operates from a real address and employs ten people, holding assets valued at £216,728. Owned and managed by a solo founder, Storr Donna Maria, and overseen by one director, the company regularly imports goods, particularly salt, sulphur, earths, stone, plaster, lime, and cement – with 61 months of import activity recorded, the last in November 2020.

The company's website reveals a broader scope than initially apparent. Formerly known as Venus Global Limited, it now operates as VGL LIMITED, a Hong Kong-based trading company specializing in construction materials, agro commodities, metal steel, electronic products, and PVC resins. The website emphasizes a client-focused approach, aiming to be a trusted partner in progress, and even boasts a vision to become a global leader in distribution. The company's products range from construction materials to consumer electronics, catering to both domestic and international markets.

However, a closer look at the financials paints a concerning picture. Current assets have plummeted by 48%, dropping to £220,000, while net assets have experienced a dramatic 260% decrease, now sitting at a negative £180,000. Bank borrowings have increased by 1.4%, reaching £49,000, and cash reserves have grown by a respectable 64%, now at £78,000. Trade debtors have fallen significantly, down 62%, suggesting better collection efforts, but creditors have risen by 35%, to £390,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity decline raises questions about its long-term viability. No auditor is mentioned, likely due to its small size and exemption from audit.

In essence, Venus Global Limited is facing challenges despite its diverse trading activities. The company’s Hong Kong operations, while ambitious, appear to be straining its financial resources, and the significant equity loss warrants careful monitoring.

Registered in England/Wales under the registration number 05011336, with a registered address at HU3 5JU, Hawthorn Avenue, Hull.

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