Freight Express Ltd.

Freight Express Ltd, based in Midlothian, UK, is a small, active company established 17 years ago. With 13 employees and £297,967 in assets, it operates from a real address and is managed by two directors and two owners. The company has a solid 4.0 Google rating based on four reviews. It's a somewhat irregular importer, primarily dealing in art and antiques, with the last import operation recorded over a year ago in December 2022. The company’s core business is freight transport by road.

The company's website isn't available, so it’s difficult to assess its online presence or e-commerce activities. However, its description indicates a focus on freight transport, suggesting a business-to-business model rather than direct consumer sales.

Financially, Freight Express Ltd presents a mixed picture. While net assets increased by 4.7% to £280,000, current assets only grew by 18% to £300,000. Bank borrowings remained stable, at £10,000, but creditors increased significantly, by 42%, reaching £140,000. Cash reserves saw a healthy 21% increase, reaching £180,000. The company’s size – meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) – helps maintain agility. The increase in creditors, however, suggests a need to manage payment terms. The company is exempt from an audit, so the financial statements are unaudited.

The company’s increase in retained earnings is a positive sign, but the rise in creditors warrants attention. The directors, Seaton Lynley and Seaton David, have been at the helm for a long time, and their experience could be a strength. The company’s long history and positive Google rating suggest a degree of customer loyalty, but the financial data indicates a need to keep a close eye on cash flow and debt management.

Registered in Scotland under the registration number SC335976, with a registered address at EH26 8PJ, Midlothian, Pomathorn Mill, Penicuik.

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