Express Global Limited

Express Global Ltd from Surrey UK: a small, active company established 18 years ago, employs eight people, and holds assets valued at £1,560,391. It’s a family business with four directors and two owners, operating from a real address. The company regularly imports optical and medical tools and devices (four months of activity) and exports machinery, boilers, and mechanical appliances; parts (a substantial 153 months of activity).

The company’s core business revolves around freight transport by road, with a focus on import and export services. While no website is available to analyse, the business likely supports a network of suppliers and customers across various industries. The company's focus on both import and export suggests a role in facilitating international trade.

Financially, Express Global Ltd shows a mixed picture. Cash bank on hand increased by a healthy 26% to £1,300,000, which is a positive sign. However, creditors have risen significantly by 66% to £470,000, indicating a potential increase in short-term debt obligations. Net assets have also increased by 10% to £1,100,000. Trade debtors have increased by 9.1% to £290,000, which could be a result of extending credit terms to customers. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in creditors warrants attention. The company’s unaudited financial statements, exempt due to its size, rely on director-reported data.

The increase in bank borrowings and the rise in creditors suggest the company may be burning through cash faster than it’s bringing in revenue. However, the increase in cash reserves and the growth in trade debtors could be a result of a larger volume of sales.

Registered in England/Wales under the registration number 05814669, with a registered address at OL16 5DB, England, Rochdale, 5 Blueberry Business Park, Wallhead Road.

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