Advance Shipping Limited

Advance Shipping Limited is a small, holding company based in London, UK, with an active trading status. Founded sixteen years ago in 2008, the company employs thirteen people and holds £333,253 in assets. It operates from a real address and is managed by two directors and one owner. The company is an irregular importer, with its top import category being None, totaling one month of imports, the last operation being conducted in 2017.

The company's website reveals a complex operation focused on river and sea freight services. It offers a wide range of services, including cargo transportation, chartering, oversized cargo handling, combined transport, forwarding, and warehousing. It also provides management of river and sea freight, cargo supervision, agency services, and vessel documentation. The website highlights experience, professionalism, and reliability, emphasizing its expertise in transporting goods from the North Sea to the Black Sea. It also provides services in other river and sea ports.

Financially, Advance Shipping Limited shows a concerning trend. Current assets have plummeted 92%, dropping to £330,000, while net assets have also declined by 19%, settling at £130,000. Bank borrowings have increased significantly, and cash reserves have decreased substantially. Creditors have also decreased, suggesting better debt management, but the overall picture is one of financial strain. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. The accounts are unaudited, and no auditor is mentioned, likely due to the company’s small size. The company’s management has been changed nine years ago.

Registered in England/Wales under the registration number 06740319, with a registered address at EC2V 5BT, London, 12 Mason's Avenue.

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