Coles Transport Limited

Coles Transport Ltd from Banbury UK: a small, active company founded 20 years ago, employs 17 people, and holds £671,500 in assets. Operating from a virtual address, it's managed by three directors and one owner, boasting a stellar 5.0 Google rating based on 16 reviews. The company regularly imports furniture, lighting, and prefabricated buildings (for 3 months), and exports vehicles, parts, and accessories (for 9 months).

The company’s website, simply stating “New Website Coming Soon,” provides limited insight into its operations beyond the contact details: Thorpe Drive, Banbury, Oxfordshire, OX16 4UZ, and a phone number. It’s clear that Coles Transport Ltd is in the process of updating its online presence, suggesting a desire to modernise its brand and potentially expand its reach.

Financially, Coles Transport Ltd presents a mixed picture. While net assets increased by 27%, reaching £1.8 million, current assets only grew slightly, by 1.6% to £670,000. Bank borrowings decreased by 8.1% to £240,000, and cash reserves increased by 7.4% to £380,000. However, creditors saw a significant rise of 30%, reaching £760,000, and net current assets liabilities turned negative, dropping to -£89,000. 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 flexibility, but the increase in creditors warrants attention. The company’s unaudited financial statements, prepared by Ellacotts LLP, don’t mention an auditor, which is common for small companies.

In short, Coles Transport Ltd appears to be a stable, but growing business facing some financial pressures. The company’s focus on both import and export activities, combined with a strong Google rating, suggests a solid foundation, but the rising creditor levels need to be monitored closely.

Registered in England/Wales under the registration number 05340395, with a registered address at OX16 9SA, Banbury, Oxfordshire, Countrywide House, 23 West Bar.

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