Ace Logistics Ltd

Ace Logistics Ltd, based in Hoddesdon, UK, is a small, active company founded six years ago in 2018. With £577,658 in assets and a real registered address, it’s a relatively modest operation managed by one director and owner, Antoniou Christakis. The company operates in the freight transport by road industries, and while it’s a regular exporter of vehicles, parts, and accessories (excluding trains and trams) with three months of export activity recorded, it's an irregular importer of electrical machinery and equipment, with just two months of import activity as of November 2024.

The company’s website highlights its experience delivering to UK high street retailers and emphasizes its specialization within the textile and garment industry. It provides domestic delivery and warehouse services, catering to both retail and manufacturing customers. Ace Logistics boasts expertise in hanging garment and box deliveries, pallet distribution, and even offers disaster recovery services for damaged pianos—a surprising diversification. The website also mentions a 24-hour manned site in Hoddesdon and tracked vehicles, ensuring secure and reliable transport.

Financially, Ace Logistics Ltd presents a mixed picture. While current assets increased by 43% to £580,000, net assets decreased by 3.5% to -£460,000. Bank borrowings remained relatively stable, but cash reserves dropped by 59% to £31,000. Creditors increased significantly, rising by 33% to £1.2 million. Trade debtors also ballooned by 66%, suggesting potential issues with customer payments. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the decrease in equity is a concern. No auditor is mentioned, likely due to the company's exemption as a small entity.

In short, Ace Logistics Ltd is navigating a challenging financial landscape. Its focus on specialized transport services and diversification into piano restoration suggests an attempt to adapt to market pressures, but the company’s bottom line needs careful attention.

Registered in England/Wales under the registration number 11469051, with a registered address at EN11 0NZ, United Kingdom, Hoddesdon, Herts, H48 Belcon Industrial Estate, Geddings Road.

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