Express Delivery Network Ltd

Express Delivery Network Ltd is a small, active company based in Preston, UK, founded ten years ago in 2015. It employs twenty-four people and holds £1,251,390 in assets. The company has a real registered address and is led by one director and owner. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with just one month of import activity recorded as of May 2021.

The company's website paints a picture of a logistics expert, offering temperature-controlled supply chain solutions and a range of services, from transportation management to ecommerce fulfillment. It emphasizes eight years of experience, a global network, and a commitment to reliable delivery. The website also highlights same-day and next-day delivery options, catering to both individuals and businesses, and even mentions exclusive contracts for delivering life-saving medicines.

Financially, Express Delivery Network Ltd presents a mixed bag. Cash bank on hand has decreased by 20% to £290,000, while creditors have surged by a staggering 200% to £280,000. Trade debtors have also ballooned by 190% to £960,000. On the positive side, net assets have increased by 17% to £1,200,000, and net current assets have risen by 62% to £980,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The lack of an auditor is not unusual for a small company.

Despite the growth in assets, the increase in creditors and debtors suggests the company may be stretching its finances. The decrease in cash reserves is also a cause for concern. It is possible that the company is investing heavily in its business, but it will need to manage its cash flow carefully to avoid problems. The company’s reliance on a single director and owner, while common in small businesses, also presents a potential risk if that person were to leave.

Registered in England/Wales under the registration number 09465401, with a registered address at PR2 5AP, England, Preston, Unit E Office A2 Astra Business Centre Roman Way Longridge Road, Ribbleton.

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