Cargostore Worldwide Trading Limited

Cargostore Worldwide Trading Ltd, based in London, UK, is a holding company with an active status, established nine years ago. The company employs 15 people and holds assets totaling £12,397,988. It’s managed by three directors and has one owner, boasting a respectable Google rating of 4.0 based on nine reviews. Cargostore operates as an irregular importer and exporter of railway and tramway vehicles and parts, with recent activity recorded in both categories.

The company’s core business revolves around the supply of ISO shipping containers and DNV-certified cargo carrying units for offshore projects. Its website, infocargostore.com, highlights a range of container types, including offshore containers, reefer units, and specialized containers like open tops and half heights. The site also showcases key projects and partnerships, including collaborations with GAC Denmark and HALEYS Group Middle East, aimed at supporting the offshore energy sector. Cargostore maintains a global presence with offices and locations spanning Europe, the Middle East, Asia, Africa, and the Americas.

Financially, Cargostore’s report indicates some interesting trends. Creditors increased significantly by 82%, reaching £4.1 million, while bank borrowings surged by 74%, hitting £5.7 million. This suggests a reliance on external financing, potentially to support expansion or manage working capital. Cash bank on hand, however, experienced a substantial increase of 160%, reaching £3.1 million—a positive sign of improved liquidity. Net assets also grew by 21%, reaching £19 million. The company’s average number of employees increased slightly, by 13%, to 17. While there is no auditor mentioned, the company’s financial statements are unaudited.

The company’s focus on specialized containers and offshore projects, coupled with its global network, positions it in a niche market. The increase in borrowing, while concerning, may be a strategic move to capitalize on growing demand in the offshore energy sector. It remains to be seen if Cargostore can sustain this growth and manage its increased financial obligations effectively.

Registered in England/Wales under the registration number 09832260, with a registered address at SW19 7QD, England, London, The Old Exchange, 12 Compton Road.

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