Asap Cargo Ltd

Asap Cargo Ltd from Larne UK: a large company, active status, founded 17 years ago, with 39 employees, £3,268,663 assets, yearly revenue of £14,625,782, a real address, four directors, and one owner. It’s an irregular importer of electrical machinery and equipment, with just one month of imports recorded.

Asap Cargo operates as a freight logistics partner, offering services by land, sea, and air. Their website, Asapcargo.co.uk, highlights a focus on bespoke international freight management solutions. They partner with a global alliance of independent freight forwarders, boasting a wide network of offices across 92 countries. The site details services like collection, storage, delivery, warehousing, and onward distribution, catering to businesses beyond just road freight. They also have a piano division, which is a bit of a surprise.

Financially, Asap Cargo appears to be facing some challenges. While turnover increased to £15 million, net assets decreased by 11%, and cash reserves fell by 32% to £770,000. Bank borrowings have decreased significantly, which is positive. Creditors have also dropped, suggesting improved debt management. Despite this, the significant drop in equity raises questions. The company is large, meeting two of three conditions for size: turnover over £36 million, balance sheet total over £18 million, and over 250 employees. The lack of an auditor mentioned suggests the company is exempt.

Overall, Asap Cargo Ltd is a sizable player in the freight industry, but the recent financial trends suggest they may be burning through money faster than they’re earning it. The company's diverse services and global network provide a strong foundation, but managing cash flow will be crucial for their long-term success.

Registered in Northern Ireland under the registration number NI064810, with a registered address at BT40 2SN, Northern Ireland, Larne, Larne Logistics Park Drumahoe Road, Millbrook.

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