Global Wardrobes Ltd

Global Wardrobes Ltd, based in Loughton, UK, is a small, active company founded seven years ago. Employing just two people, the business operates from a real address and is led by a solo founder who also serves as director and owner. It boasts a stellar 5.0 Google rating based on 21 reviews, despite being an irregular importer with only two months of import activity recorded. The company’s core business involves joinery installation, and it’s classified as a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website, Global Doors and Interiors, positions itself as a specialist in sliding wardrobe solutions, acoustic slatwall panels, space division solutions, and related fittings. It caters to a range of sectors, including KBB retail, furniture manufacturers, developers, housebuilders, and trade professionals. The site highlights its expertise in manufacturing and supplying complete sliding wardrobe solutions, as well as offering a B2B customer portal and trade account registration. It also features a dedicated section for slatwall installations, offering advice and inspiration.

Financially, Global Wardrobes Ltd presents a concerning picture. Accumulated depreciation impairment property plant equipment has doubled to £9,300, and cash bank on hand has completely vanished. Net assets have plummeted to -£68,000, a significant decline from -£35,000 the previous year. Bank borrowings have increased, and creditors have also risen considerably. While the company’s small size allows for agility, the sharp decline in equity and the lack of cash reserves suggest it’s burning through money. The company’s accounts are unaudited, a common practice for small entities, and no auditor is mentioned.

The company's financial data suggests it’s facing challenges, despite its strong online presence and positive customer reviews. The increase in bank borrowings and the decrease in cash reserves indicate a potential need for additional funding or a restructuring of operations. Whether the company can sustain its growth and profitability remains to be seen.

Registered in England/Wales under the registration number 11063017, with a registered address at IG10 3AG, United Kingdom, Loughton, 9 Kenilworth Gardens.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.