Fcs International Shipping Limited

Fcs International Shipping Ltd from Bridgwater UK is a small, active company founded 24 years ago in 2000. It employs seven people and operates from a real address within Wellworthys Business Centre. With six directors and one owner, the company has been around for a while. It’s an irregular importer and exporter of machinery, boilers, and mechanical appliances parts, with the last import operation in 2016 and the last export in 2019.

The company’s website doesn’s offer much insight into its operations beyond its core business: international freight and shipping. It’s a relatively small operation, meeting two of the three conditions to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Looking at the financials, Fcs International Shipping Ltd shows some concerning trends. While cash reserves increased by a respectable 23% to £670,000, net assets have plummeted 76% to just £120,000. This significant drop in equity is a red flag. Trade debtors have also decreased by a substantial 50%, suggesting customers are taking longer to pay. On a more positive note, creditors have decreased by 12%, which could indicate better management of short-term debts. Bank borrowings have also decreased by 16%, which is a good sign. Property, plant, and equipment have decreased by 25%, which could be due to depreciation or asset sales.

The company’s reliance on retained earnings, which have fallen significantly, suggests it’s not generating consistent profits. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited, so it’s important to take them with a grain of salt. The company’s management team has been changed two months ago, which is a good sign to sell them something. Overall, Fcs International Shipping Ltd seems to be facing financial challenges despite its long-standing presence in the market.

Registered in England/Wales under the registration number 04017509, with a registered address at TA6 5LB, England, Bridgwater, Somerset, Suite 7 ,Wellworthys Business Centre Parrett Way, Colley Lane.

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