Freight2go Ltd

Freight2go Ltd, based in Cardiff, UK, is a small, active company founded twelve years ago in 2012. With three employees and £84,295 in assets, it operates as a solo-founder venture led by one director and owner. Accounts and confirmation statements are currently overdue by a year, a slight hiccup in an otherwise steady course. The company is an irregular importer, primarily bringing in vehicles, parts, and accessories—though it hasn't imported anything in over two years, with the last activity in May 2017.

Freight2go’s website paints a picture of a dedicated logistics specialist. They offer a range of transport solutions, from same-day deliveries to European transport, catering to various industries. Their services include warehousing, with space for up to 500 pallets, and a modern fleet, including luton vans with larger cubic capacity and vehicles equipped with air suspension. The site highlights innovation, such as telematics devices for monitoring driver behaviour, and emphasizes a commitment to environmental impact through a young fleet and fuel-efficient technologies. Testimonials from Xpo Logistics, Haulage EXPERTS, GXO Logistic, and Global 24 praise Freight2go’s professionalism, expertise, and communication.

Financially, Freight2go Ltd shows a mixed picture. While current assets increased by 50% to £84,000, equity plummeted 50% to just £12,000, a significant drop. Bank borrowings have increased to £10,000, and cash reserves fell 56% to £16,000. Creditors decreased by 39%, which is a good sign, but the drop in equity is concerning. The company's small size—meeting two of three criteria for a small company—helps with agility, but the equity decline suggests potential financial strain. There's no auditor mentioned, which is typical for a small company, so the figures are unaudited. The company’s business model appears to be operating warehousing and storage facilities, cargo handling, and transportation support—a solid foundation, but one that will need careful management to navigate these financial headwinds.

Registered in England/Wales under the registration number 08252806, with a registered address at CF14 8LH, Cardiff, 08252806 - COMPANIES HOUSE DEFAULT ADDRESS.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.