Challenge Courier Company Limited

Challenge Courier Company Limited, based in Newcastle Upon Tyne, UK, is a small, active business founded 26 years ago in 1998. With a single employee and £4,160 in assets, it's a solo founder operation managed by one director and owner, Claire Stockton-Hill. The company operates from a real address and is involved in both importing and exporting, though irregularly. It brings in electrical machinery and equipment, and sends out machinery, boilers, and mechanical appliances. The company operates in the unlicensed carrier industries.

The company's website is minimal, offering little insight beyond its basic contact information. There's no e-commerce presence or detailed product listings—it appears to be a straightforward courier service, relying on word-of-mouth and local connections.

Financially, Challenge Courier Company Limited shows a mixed picture. While net assets increased by 320% to £920, current assets surged by a staggering 730% to £4,200—a positive sign of improved liquidity. However, bank borrowings also increased by 33%, reaching £12,000, and trade debtors grew significantly, suggesting potential issues with customer payments. Depreciation charges on plant and machinery increased by 33%, reflecting ongoing investment in equipment. The company meets two of three conditions to be considered small (turnover under £10.2 million, balance sheet under £5.1 million, fewer than 30 employees), which allows it to avoid certain reporting requirements. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The increase in debt, despite improved liquidity, could indicate that the company is investing in growth or facing increased operating costs. It's possible that the irregular import and export activity reflects fluctuating demand or supply chain challenges. Overall, Challenge Courier Company Limited seems to be navigating a tightrope—balancing growth with financial stability—but its small size and solo management structure could both be strengths and weaknesses.

Registered in England/Wales under the registration number 03626206, with a registered address at NE4 6UL, Lynnwood Business Centre, Newcastle Upon Tyne.

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