Freightstore Limited

Freightstore Limited, based in Stowmarket, UK, is a small holding company with an active status, celebrating 33 years since its founding in 1992. Employing just six people, the company holds £220,590 in assets and operates from a real address, overseen by two directors and a single owner. Google users rate it a perfect 5.0 based on eleven reviews. Freightstore Limited is an irregular importer, primarily dealing with electrical machinery and equipment, with its last import activity occurring one month ago in January 2023.

The company's operations focus on warehousing and storage for land transport activities. It's a small entity, meeting two of the three conditions to be classified as such: turnover below £10.2 million, a balance sheet total below £5.1 million, and fewer than 50 employees. Its website is currently unavailable, so it’s difficult to determine if it operates an e-commerce platform.

Financially, Freightstore Limited presents a mixed picture. Accumulated depreciation has increased significantly by 400%, particularly in plant machinery, while the number of employees has risen slightly to seven. Bank borrowings have increased substantially to £31,000, and cash reserves have decreased by 46% to £5,500. Creditors have also risen by 92% to £290,000, and debtors have increased by 93% to £210,000. Equity, however, remains negative at -£21,000. The company's net assets liabilities have increased to -£66,000. The increase in both creditors and debtors could indicate expansion or potentially, difficulties in managing cash flow. With no auditor mentioned, the financial statements are unaudited. Overall, Freightstore Limited appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 02704845, with a registered address at IP14 4PA, England, Stowmarket, Suffolk, Bridge Farm, Old Newton.

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