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Globe Technologies Uk Ltd

14839106

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

UNIT 1, 2 & 3, COLESHILL, B46 1HG
Incorporated 02/05/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

27200
Manufacture of batteries and accumulators
43210
Electrical installation
46180
Agents specialised in the sale of other particular products
82990
Other business support service activities

Officers

Mr Youtao Xu

director · Since 02/05/2023

DIRECTOR

CHINESE · CHINA · Age 44

Also on 1 other board

Lawrence Lee

director · Since 17/03/2024

COMPANY DIRECTOR

BRITISH · CHINA · Age 61

Persons with Significant Control

Mr Yin Chen

50–75% shares
50–75% votes
Appoint directors

Chinese · China · Age 52

Unit 1, 2 & 3, Roman Way, Coleshill, B46 1HG

Notified 02/05/2023

CompanyRankvs 139+ SIC 27200 peers
29

Financial strength3th percentile among SIC peers · 1/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.73× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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139Globe Technologies Uk Ltd
35
How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity3/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

e been prepared in accordance with IFRS as adopted by the UK , subject to any material departures disclosed and explained in the financial statements; ∙ assess the Company 's ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and ∙ use the going concern basis of accounting unless they either intend to liquidate the Company or to cease operations, o

Key FinancialsYear ending 31/12/2024

Turnover

£254k

Annual revenue

Net Worth

-£440k

Balance sheet strength

Cash

£267k

Cash in the bank

Profit Before Tax

-£277k

Bottom line earnings

Net Current Assets

—

Working capital

Current Assets

£1.7M

Current Liabilities

£2.3M

Debtors

£133k

Cost of Sales

£119k

Gross Profit

£135k

Admin Expenses

£412k

Operating Profit

-£277k

Profit After Tax

-£277k

6avg. employees+4

People Costs

Wages & salaries£160k
NI contributions£8k

Balance Sheet

Total assets£1.9M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.73-£277k
20240.90—

Derived from filed accounts. Not audited figures.