Cargo Secure Limited

Cargo Secure Ltd, based in Ipswich, UK, is a large, holding company with an active status. Established 35 years ago in 1989, the company employs 61 people and holds £6,325,624 in assets. Despite a virtual address shared by 106 other companies, it operates with four directors and one owner. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with five months of import activity and nine months of export activity recorded.

The company’s website, operationscargosecure.co.uk, indicates a “new website coming soon,” directing visitors to contact them via phone (01394 271010) and social media. It’s clear they’re focused on warehousing and storage for land transport activities.

Financially, Cargo Secure Ltd appears to be in a stable position, though with some notable trends. Current assets have increased by 43%, reaching £6,300,000, while net assets have risen by 2.6% to £2,900,000. Bank borrowings have increased, and cash reserves have grown by 16% to £1,800,000. Creditors have decreased by 8%, suggesting better debt management. The company’s turnover has increased by 20%, reaching £2,900,000. It’s worth noting that staff costs have remained relatively constant, and the company’s director remuneration has decreased slightly. The audit firm, LB Group Limited (Colchester), conducted the audit, and Shaun Roberts served as the senior statutory auditor.

The company’s growth in assets and turnover suggests a healthy business, but the increase in bank borrowings warrants further investigation. The decrease in creditors is a positive sign, indicating improved financial discipline. It’s likely the company is investing in its operations, which is a good sign for long-term growth, but it’s important to monitor its debt levels closely.

Registered in England/Wales under the registration number 02406650, with a registered address at IP2 0EH, England, Ipswich, Suffolk, 80 Compair Crescent.

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