How much does Globe Trade & Services Ltd make?

Globe Trade & Services Ltd reported revenue of £706k and £59k profit in the year to 28 Feb 2023, according to its accounts filed at Companies House.

How many employees does Globe Trade & Services Ltd have?

Globe Trade & Services Ltd reported an average of -35 employees in the year to 28 Feb 2023.

Is Globe Trade & Services Ltd profitable?

Yes — Globe Trade & Services Ltd reported a profit of £59k in the year to 28 Feb 2023.

Company No. 11812179 · Incorporated 7 Feb 2019

Globe Trade & Services Ltd

Registered name: GLOBE TRADE & SERVICES LTD

Globe Trade & Services Ltd made £706k revenue and £59k profit in the year to 28 Feb 2023.

Globe Trade & Services Ltd’s revenue grew 82% to £706k in the year to 28 Feb 2023, with £59k profit and -35 employees. The company is classified under “wholesale of other intermediate products” and is based in Oldham; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46760Wholesale of other intermediate products SIC 46770Wholesale of waste and scrap

Status: Liquidation
Location: Oldham, North West
Age: 7 yrs · since 2019
Type: Private Limited Company

Latest accounts · year to 28 Feb 2023

Key figures

IndependentSmall teamYoung and profitable

Revenue

£706k

Growth ▲81.6%

Profit

£59k

Growth —

Profit margin

8.4%

Employees

-35

Change —

Profit / employee

−£1.7k

Revenue/employee −£20.2k

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	28 Feb 2022	28 Feb 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£389k	£706k
Profit after tax	−£108k	£59k
Profit (best available)	−£108k	£59k
Staff costs	£381k	£539k
Employees (average)	-15	-35
Ratios
Profit margin	−27.7%	8.4%
Revenue per employee	−£25.9k	−£20.2k
Profit per employee	£7.2k	−£1.7k
Growth (year on year)
Revenue growth	—	▲81.6%
Balance sheet — indirect signals, not revenue
Net assets	−£728k	−£669k
Fixed assets	£257k	£518k
Current assets	£9.2k	£106k
Deferred income	£750	£12.3k
Source	Accounts · bulk data Nov 2023	Accounts · bulk data Nov 2023

Derived from the latest filing

How the business works

Profit margin: 8.4%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: −£20.2k; Revenue ÷ average employees.
Profit per employee: −£1.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 73.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now −£669k
Cash at bank: —; Now —
Headcount: —; Now -35
Deferred income: ▲1545%; Now £12.3k
Fixed assets: ▲102%; Now £518k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 28 Feb 2023 (profit £59k), from the Companies House accounts bulk data published Nov 2023. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.