Fergusons Transport Limited

Fergusons Transport Limited, based in Cramlington, UK, is a large, family-owned transport and logistics company with a rich history spanning 88 years. Established in 1937, the company currently employs 264 people and holds assets valued at £9,336,593. It operates as a holding company and maintains an active trading status, with eight directors overseeing operations and one owner. The company regularly exports iron or steel products, with 11 months of export activity recorded.

Beyond its core transport services, Fergusons Transport Limited also owns Redpath of Wooler Ltd. and has a connection to Kishorn Port and Dry Dock, a key facility serving the energy and renewables industries. Its website highlights a comprehensive range of services, including road logistics, marine services, rail logistics, storage warehousing, craneage solutions, waste management, servicing and maintenance, and port services. The company boasts a modern fleet of vehicles and cranes, catering to diverse industries from forestry and aquaculture to commercial and industrial sectors.

Financially, Fergusons Transport Limited presents a mixed picture. While turnover increased by 6.2% to £21 million, net assets have risen by 23% to £6.5 million. However, net loss deepened by 66% to £210,000, and cash reserves fell by 100% to zero. Bank borrowings increased by 17% to £2.3 million, and trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms. Creditors decreased by 18%, suggesting better debt management. The company’s size (meeting two of three criteria for a large company) helps it stay agile, but the sharp loss raises questions. The company’s financial statements were audited by Greaves West & Ayre, providing a degree of assurance.

The company’s continued focus on customer service and its strategic locations across the UK suggest a commitment to long-term sustainability, despite the recent financial challenges. It seems that the company is facing pressures.

Registered in England/Wales under the registration number 00325778, with a registered address at NE23 7RH, Cramlington, Northumberland, Northumberland Business Park West.

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