Fenland Haulage Limited

Fenland Haulage Ltd from Wisbech UK is a small, active holding company founded twelve years ago. Employing thirty-six people and holding assets of £2,439,439, the company operates from a real address and is overseen by two directors and one owner. Its Google rating stands at a respectable 4.0 based on thirty reviews. The business primarily functions as a freight transport by road company and is an irregular importer, with its top category being machinery, boilers, and mechanical appliances; parts, totaling one month of imports.

The company’s website doesn’t provide much information about its operations beyond its core business. There’s no e-commerce presence or detailed product listings, suggesting a business-to-business model focused on haulage services rather than direct retail. It’s likely that Fenland Haulage Ltd acts as a logistics partner for other companies, transporting goods across the UK.

Financially, Fenland Haulage Ltd shows a mixed picture. Current assets increased by 16%, reaching £2,400,000, while net assets decreased by 15%, dropping to £1,000,000. Bank borrowings increased by 78%, reaching £440,000, and cash reserves fell 30% to £28,000. Trade debtors increased by 45%, suggesting delayed customer payments or expanded credit terms. The company’s small size (meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) allows it to remain flexible, but the decrease in equity raises some concerns. With no auditor mentioned, the financial statements are unaudited.

Overall, Fenland Haulage Ltd appears to be navigating a challenging economic climate. While its core business remains active, the company’s financial performance suggests it’s burning through cash and relying on bank borrowing to stay afloat. Whether it can sustain this level of borrowing in the long term remains to be seen.

Registered in England/Wales under the registration number 08504683, with a registered address at PE13 1NE, Wisbech, Cambridgeshire, C/O Wheelers, 27-29 Old Market.

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