2go Limited

2go Limited is a small, active company based in New Milton, Hampshire, UK, founded 22 years ago in 2003. With just two employees and £5,100 in assets, it operates as a family business, managed by three directors and two owners. The company's registered address is a virtual address, shared by twenty other businesses, which is a little strange.

Primarily, 2go Limited operates in the retail sale via mail order houses or via internet, and its website reveals a much larger operation: 2GO Group, Inc., the Philippines’ largest and most integrated end-to-end transportation and logistics solutions provider. This includes sea solutions, express forwarding, cold chain services, and passenger travel, with a vast network of ports and services across the islands. The website showcases a modern, well-established business with a strong focus on technology and customer service, including a mobile app and online tracking.

Financially, 2go Limited’s numbers paint a mixed picture. Current assets have decreased by 28%, dropping to £5,100, while net assets have also declined by 5%, settling at -£13,000. Bank borrowings have increased significantly by 2400%, reaching £29,000, and cash reserves have fallen by 19%, sitting at £5,000. Creditors have also decreased by 13%, which is a positive sign. 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 it to remain flexible, but the decline in equity is concerning. No auditor is mentioned, which is common for small companies.

It’s clear that the UK-based 2go Limited is likely a smaller administrative or holding company for the much larger Philippine logistics operation. The financial challenges faced by the UK entity could be related to supporting the broader group, or perhaps reflecting the impact of global economic conditions on the logistics sector.

Registered in England/Wales under the registration number 04665213, with a registered address at BH25 6JX, Hampshire, 36a Station Road, New Milton.

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