3p Logistics Limited

3p Logistics Ltd from Wigan UK is a small, holding company with an active status, established 18 years ago. Employing 94 people and holding £1,890,953 in assets, the company operates from a real address and is overseen by four directors and a single owner. It’s an irregular importer of miscellaneous manufactured goods (imported for one month in 2020) and an irregular exporter of clothing and accessories made by knitting or crocheting (exported for two months in 2019).

The company’s core function revolves around warehousing and storage for land transport activities, a sector that’s been experiencing both challenges and opportunities in recent years. While a website isn't available to analyze, the logistics industry is increasingly reliant on efficient supply chains and technological advancements—areas where 3p Logistics could be focusing its efforts.

Looking at the financial data, the company’s performance presents a mixed picture. While bank borrowings have decreased by a substantial 54%, cash reserves have also fallen by 19% to £850,000. Creditors have also decreased by 15%, which is a positive sign, suggesting improved debt management. However, the most notable trend is the decrease in average employees during the period, dropping by 9.6% to 85. This could be due to restructuring or a slowdown in business activity. Net assets have increased by 5.3% to £1.1 million, but future minimum lease payments have decreased by 16%, which could indicate a change in leasing strategy.

The company’s small size—meeting two of three conditions to be classified as small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees)—allows for agility, but the decrease in employees raises questions about operational efficiency. The lack of an auditor mentioned likely means the company is exempt from an audit, relying on unaudited statements.

Overall, 3p Logistics Ltd appears to be navigating a period of change. The decrease in employees and cash reserves suggests potential pressures, but the improved debt management and increase in net assets offer a glimmer of hope. The company’s future success will likely depend on its ability to adapt to evolving market demands and maintain a lean, efficient operation.

Registered in England/Wales under the registration number 05876788, with a registered address at WN4 9GD, United Kingdom, Wigan, Three Sisters Road, Ashton-In-Makerfield.

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