Global Freight Systems Limited

Global Freight Systems Ltd, based in London, UK, is a small, active company founded 18 years ago. With 24 employees and £2,592,424 in assets, it operates from a virtual address—a fact highlighted by the presence of 27 other companies registered at the same location. The company is led by three directors and owned by a solo founder, Sufen Weng. While it irregularly imports electrical machinery and equipment (last activity in 2021), it regularly exports toys, games, and sports equipment (last activity in 2017).

The company’s website emphasizes its role as a freight forwarding and logistics provider specializing in e-commerce goods. It offers services via air, sea, or road, and touts its membership in the British International Freight Association (BIFA). The site highlights proactive logistical operations, personalized solutions, and a network of overseas agents, aiming to provide safe and efficient movement of goods. Contacting them is easy, and they offer a personalised quote.

Financially, Global Freight Systems Ltd presents a mixed picture. While cash reserves increased by 71% to £680,000, net assets declined by 9.2% to £280,000. Bank borrowings have reduced significantly, dropping 78% to £15,000, a positive sign. However, trade debtors have increased dramatically, rising 130% to £1.1 million, which could indicate challenges in collecting payments. Creditors also increased by 46% to £2.3 million. The company’s small size—meeting two of three criteria for being a small company—helps it remain flexible, but the increase in debtors needs monitoring. The financial statements are unaudited, and no auditor is mentioned.

Overall, Global Freight Systems Ltd seems to be navigating a period of change, with some positive trends offset by growing debts. It's a company that appears to be adapting to the demands of the e-commerce sector, but careful financial management will be crucial for its continued success.

Registered in England/Wales under the registration number 05855839, with a registered address at SW1W 0EX, England, London, C/O A K S Advisers, 14-15 Lower Grosvenor Place.

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