Genco Logistics Limited

Genco Logistics Ltd from Liverpool, UK, is a sizable holding company with an active status, having been established 21 years ago. Employing 18 people, the company holds assets valued at £7,075,063. While it has a registered address, it’s likely a virtual one, as thirteen companies are registered at the same location. The company is overseen by three directors and one owner, and boasts a stellar 5.0 Google rating based on two reviews. It’s an irregular exporter, primarily dealing in machinery, boilers, and mechanical appliances—parts, with its last export operation taking place over a year ago.

The company’s website highlights its focus on providing global logistics services, delivering by land, sea, and air. It emphasizes its experienced team, vast network of agents in over 48 countries, and bespoke tracking system, Genco Vision. The site promotes a "boutique approach" to logistics, combining expertise with innovative IT solutions. It’s clear that Genco Logistics operates as a service provider, facilitating the movement of goods for its clients. It’s not an e-commerce business; rather, it enables others to sell their products.

Financially, Genco Logistics Ltd’s recent performance shows some concerning trends. While its assets remain substantial, current assets decreased by 6.7% to £7,100,000. Net assets remained steady at £2,300,000. Bank borrowings increased by 9.8% to £3,300,000. Cash reserves fell 30% to £4,400,000. Creditors decreased by 9.4% to £4,800,000. The company’s director remuneration has seen a dramatic decrease, down 77% to £79,000. The lack of a mention of an auditor suggests that the company is exempt from an audit, relying on unaudited financial statements.

Overall, Genco Logistics Ltd appears to be a well-established, albeit slightly struggling, logistics provider. While its assets are significant, the decline in cash reserves and increase in bank borrowings suggest it may be burning through money faster than it’s generating it. The company's reliance on a virtual address and the lack of employee growth are also points to consider.

Registered in England/Wales under the registration number 05098046, with a registered address at L2 9TL, United Kingdom, Liverpool, C/O Duncan Sheard Glass Castle Chambers, 43 Castle Street.

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