Eurologistix Limited

Eurologistix Ltd from Rye UK: a small, active company founded 25 years ago, is facing some overdue confirmation – 24 days to be exact. With seven employees and £635,423 in assets, it's a modest operation led by one director and owner. The company regularly imports electrical machinery and equipment (59 months) and exports machinery, boilers, and mechanical appliances; parts (122 months).

The company operates in the other business support service activities n.e.c. industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. There's no website listed, so it’s difficult to say if it’s an e-commerce business.

Looking at the financials, there’s a mixed picture. Current assets have decreased by 11%, dropping to £640,000. Bank borrowings have been reduced by 27%, falling to £27,000, which is good. However, cash reserves have plummeted 54%, leaving only £69,000. Creditors have also decreased, suggesting better debt management. Net assets have fallen by 30%, dropping to £98,000. The company’s net losses have deepened, and trade debtors have increased, which could indicate payment delays. Depreciation charges for plant machinery have increased significantly, which may be due to investments in new equipment.

The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. Overall, Eurologistix Ltd appears to be facing some financial headwinds, but it’s a long-standing business with a solid track record of importing and exporting. The decrease in cash reserves and increase in net losses are concerning, but the reduction in bank borrowings and creditors suggests the company is taking steps to manage its finances.

Registered in England/Wales under the registration number 03948114, with a registered address at TN31 7TE, England, Rye, East Sussex, Unit E, Rye Wharf, Harbour Road.

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