Fosseway Freight Ltd

Fosseway Freight Ltd, based in Leicester, UK, is a small, active family business founded 14 years ago. With 17 employees and £898,940 in assets, it operates from a real address and is managed by two directors and owners. The company runs an e-commerce site and specializes in freight transport by road, offering a wide range of services from courier deliveries to warehousing and pallet distribution. It’s an irregular importer of electrical machinery and equipment (last import in August 2024) and an irregular exporter of machinery, boilers, and mechanical appliances (last export in November 2024).

The company’s website highlights its 35 years of experience and commitment to reliable worldwide delivery solutions. It offers services including courier, same-day, next-day, and worldwide delivery, as well as parcel delivery, European and worldwide freight, pallet distribution, dedicated warehousing, and pick-and-pack storage. It also has a separate section for piano restoration, which seems to be a different venture.

Financially, Fosseway Freight Ltd’s numbers present a mixed picture. Bank borrowings decreased by 50%, and cash reserves remained stable at £320,000, which is good. However, creditors decreased by 53%, and net assets increased by 28%, suggesting a potential need for more investment. Average employee numbers have risen slightly, increasing by 5.9% to 18. Trade debtors increased by 12%, which could be a sign of growth, or a sign that customers are taking longer to pay. 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 remain flexible, but the increase in debtors should be monitored. As a small company, it’s exempt from an audit, so the figures are unaudited. The company’s consistent focus on customer service and its diverse range of services should help it navigate these challenges.

Registered in England/Wales under the registration number 07269813, with a registered address at LE4 1AA, England, Leicester, Unit 50 Boston Road.

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