Afs Logistics Ltd.

AFS Group, based in Glasgow, UK, is a small, active company founded nine years ago in 2015. With 32 employees and £2,003,121 in assets, it operates from a real address and is overseen by two directors and owners. The company boasts a strong Google rating of 4.0 based on 44 reviews. AFS Group primarily functions as an unlicensed carrier, with a recent focus on importing electrical machinery and equipment for two months, the last operation occurring in December 2023.

The company's website highlights a diverse range of services: courier delivery with 280 drivers, auto repair, vehicle leasing, and a unique software solution called UniQore, designed to manage drivers, fleets, scheduling, payroll, and compliance. AFS Delivery, a key division, emphasizes advanced technology, data, and safety measures to improve delivery quality and driver experience. The website also details a piano restoration business, indicating a broader scope beyond logistics.

Financially, AFS Group shows a mixed picture. Current assets have decreased by 15%, dropping to £2,000,000, while bank borrowings have significantly reduced by 83%, falling to £64,000. Cash reserves, however, have increased by 9%, reaching £460,000. Creditors have also decreased by 28%, suggesting improved debt management. Net assets, however, have fallen by 8%, dropping to £1,100,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in net assets warrants further investigation. There is no auditor mentioned, likely due to the company’s exemption as a small entity.

Overall, AFS Group appears to be navigating a period of change, with a focus on technology and diversification. While financial pressures are evident, the company’s strong delivery network and innovative software solution position it for potential growth—although the long-term sustainability of its various ventures remains to be seen.

Registered in Scotland under the registration number SC520184, with a registered address at G67 3EN, Scotland, Glasgow, Unit 1 3 Dunnswood Road, Cumbernauld.

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