GLOBAL EXPORT SERVICES LIMITED

1. Risk Rating: MEDIUM

The company appears able to meet its short-term obligations based on the latest filed balance sheet, with net assets of £93,763 and positive working capital of £96,523. However, the micro-entity accounts provide limited financial disclosure, and the business is heavily reliant on a single individual. The overall risk profile is moderate.

2. Key Concerns

1. Limited Financial Disclosure
   The company files micro-entity accounts, which contain a balance sheet and brief notes only. There is no profit and loss account, cash flow statement, or breakdown of current assets and creditors. It is therefore not possible to confirm the quality of earnings, cash generation, or the exact composition of debtors, cash, and stock.

2. Key-Person and Control Concentration
   Xxxxxx Xxxxxxxxname shown to subscribers is the sole director, company secretary, and the only person with significant control, owning between 50% and 75% of the shares. The company also reports an average of only one employee. Business continuity appears to depend heavily on one individual, which creates succession and operational vulnerability.

3. Thin Historical Capital Base
   While recent years show improvement, the company’s net assets were very modest historically: £82 in 2020, £63 in 2018, and £441 in 2015. The 2017 data appears to show negative net assets of -£574, though shareholders’ funds are shown as positive. This historical fragility suggests limited cushioning against prior downturns and warrants further investigation into how the recovery was achieved.

3. Positive Indicators

• Improving Financial Position
  Net assets have grown steadily from £82 in 2020 to £93,763 in 2024, indicating retained profitability or capital injections.
• Positive Working Capital
  Current assets of £183,702 comfortably exceed creditors due within one year of £87,179, giving a current ratio of approximately 2.1.
• Filing Compliance
  The latest filed accounts for the year ended 31 December 2024 were submitted on 24 September 2025, within the required deadline. The confirmation statement is also up to date, with no overdue filings indicated.
• Long Operational History
  The company has been active since 1995, suggesting it has navigated multiple economic cycles.

4. Due Diligence Notes

• Obtain full management accounts, including profit and loss, cash position, and aged debtor and creditor schedules.
• Clarify the composition of the £87,179 creditors due within one year, particularly whether any balances relate to HMRC, trade creditors, or director loans.
• Review the apparent data inconsistency in the supplied records: the latest filed accounts are for 31 December 2024, but the accounts status fields reference a 2025 year end. Confirm with Companies House which accounting period is currently outstanding.
• Investigate the 2017 net liability figure and how the business returned to positive net assets.
• Assess the company’s reliance on Xxxxxx Xxxxxxxxname shown to subscribers, including succession plans, insurance cover, and any customer contracts tied to his personal involvement.
• Check the Companies House register for charges, previous names, and any director conduct or disqualification records not shown in the supplied data.

Names of the people mentioned are shown to subscribers. See subscription