Global Cargo Solutions Limited

Global Cargo Solutions Ltd, based in Armagh, UK, is a small, active company founded nine years ago in 2016. Employing 48 people and holding £4,456,025 in assets, it operates from a real address and is managed by four directors and two owners. The company regularly imports electrical machinery and equipment (20 months of activity, last in October 2022) and exports edible fruits and nuts (4 months, last in January 2023). Its business focuses on freight transport by road.

The company's website highlights a customer-driven approach, founded in 2016 by Andy Woolsey, who brought years of experience in the transport industry. It’s grown from general freight transport between the UK and Ireland to bespoke logistics solutions. The site showcases a fleet of vehicles equipped with tracking devices and cameras, emphasizing security and efficiency. A dedicated team handles customer service and bookings, and a Midlands depot extends its reach. There's a nice gallery of photos, too.

Financially, Global Cargo Solutions Ltd presents a mixed picture. While fixed assets increased by 17%, to £3.5 million, net assets declined by 10%, settling at £3.2 million. Cash reserves fell 28%, to £720,000, and net current assets decreased significantly by 51%, to £1.1 million. Trade debtors remained steady, but creditors increased by 47%, to £3.4 million. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is typical for companies of this size.

Overall, Global Cargo Solutions Ltd appears to be navigating a period of change. While asset growth suggests expansion, the decline in net assets and cash reserves indicates potential financial pressures. The company's reliance on a lean workforce and its focus on customer service may help it weather these challenges, but the long-term sustainability of its operations remains to be seen.

Registered in Northern Ireland under the registration number NI637735, with a registered address at BT60 1HW, Northern Ireland, Armagh, Armagh Business Park Suite 37 & 38 Dean Swift Building, 50 Hamiltonsbawn Road.

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