F W D Freight Services Limited

F W D Freight Services Ltd, based in Burnley, UK, is a sizable company with an active status, having operated for 38 years. Employing 21 people, it holds assets valued at £8,588,221 and generates yearly revenue of £8,421,942. While it has a registered address, 32 other companies are also registered at the same location, suggesting a virtual address. The company is a holding company, overseen by three directors and a single owner, and enjoys a perfect 5.0 Google rating from two reviews.

The business specializes in freight forwarding, offering a range of services including sea, road, rail, and air freight, as well as customs clearance and specialist solutions. Its website highlights a commitment to international imports and exports, door-to-door delivery, and warehousing solutions. It even boasts a group accreditation, suggesting a high standard of service. The company operates within the other transportation support activities industries.

Financially, F W D Freight Services Ltd shows a mixed picture. While net assets increased by 19% to £4,800,000, turnover decreased by a significant 31% to £8,400,000. Cash reserves plummeted 83% to £34,000, and bank borrowings remained constant at £98,000. Creditors increased by 8.8% to £3,500,000. Interestingly, cost of sales dropped by 34%, and administration support employees decreased by 9.5%. Interest payable surged by 370%, which could indicate increased borrowing costs. The company’s size (meeting two of three criteria for a large company) suggests it's a significant player in the freight forwarding sector. The accounts were audited by Kneeshaws, and the company’s ultimate parent is Jones Metcalf Ltd.

These trends suggest F W D Freight Services Ltd may be facing challenges in maintaining revenue despite managing its debts. The decrease in cash reserves is a particular concern, and the increased interest payable could further strain its finances. However, the increase in net assets and the company's established reputation, as evidenced by its Google rating, offer some reassurance.

Registered in England/Wales under the registration number 02069829, with a registered address at BB11 5SX, England, Burnley, Efs Global, Pendle House, Phoenix Way.

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