Flowgistix Limited

Flowgistix Limited is a small, active e-commerce logistics company based in Bradford, UK. Founded four years ago in October 2020, it's a solo-founded operation with one director and one employee. The company holds £34,726 in assets and operates from a real address shared by three other businesses. Flowgistix regularly imports glass and glassware, with the last import operation recorded three months ago in July 2023.

The company’s website, Flowgistix Sunning Service, positions itself as a logistics provider for UK businesses, offering services like product sourcing, labelling, warehousing, and packing. It emphasizes rapid growth, global delivery, and a “world class” service, targeting Amazon FBA sellers. The website highlights a "highly professional team" and promises "massive growth" for clients.

Financially, Flowgistix Limited’s recent performance is a mixed bag. While cash reserves have skyrocketed by 5800%, reaching £27,000, current assets have also increased significantly to £35,000. However, creditors have ballooned by 440%, reaching £52,000, and net current liabilities have increased by 230% to -£18,000. The company’s bank borrowings have also increased by a staggering 3700%, reaching £34,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increase in creditors raises questions about cash flow. The company is exempt from an audit, so the figures are unaudited.

It’s clear that Flowgistix is growing rapidly, but it’s also burning through cash. Whether this is a temporary situation or a longer-term challenge remains to be seen—but for now, the company is betting on its e-commerce logistics services to drive growth.

Registered in England/Wales under the registration number 12947413, with a registered address at BD6 1BB, England, Bradford, 22 Forrest Close.

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