Fastrax Cargo Limited

Fastrax Cargo Ltd from Rainham UK is a small, active company founded 14 years ago. Despite its longevity, the business is currently facing some financial and reporting challenges, with accounts and confirmation statements overdue for four years. The company, which employs just one director and owner, holds a Google rating of 3.0 based on 47 reviews. It operates from a real address, and is a irregular importer, primarily dealing in printed materials like books, newspapers, and pictures, with just one month of import activity recorded as of September 2017.

The company's website is minimal, offering little insight into its operations beyond its core business. Fastrax Cargo Ltd is involved in freight transport by road, sea and coastal freight water transport, and freight air transport. It seems to focus on providing logistical services, though the lack of a detailed online presence suggests a business-to-business model rather than direct consumer engagement.

Financially, Fastrax Cargo Ltd presents a mixed picture. Current assets have increased by 41% to £5,800, while cash reserves have seen a significant boost, rising 120% to £5,500. However, bank borrowings have also increased, although at a more modest 25% to £2,600. Debtors have dramatically decreased, falling 84% to just £260, which could indicate improved collection efforts or a shift in business practices. Equity, however, has seen a remarkable turnaround, jumping 160% to £850. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial data relies on unaudited reports.

Overall, Fastrax Cargo Ltd appears to be navigating a period of change. While the increase in cash and equity is encouraging, the overdue accounts and confirmation statements raise concerns about reporting compliance. The company’s future hinges on maintaining its logistical operations and addressing its reporting obligations.

Registered in England/Wales under the registration number 07569480, with a registered address at RM13 7AJ, England, Rainham, 48 Guysfield Drive.

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