Ibi International Logistics Limited

Ibi International Logistics Ltd, based in Weybridge, UK, is a small, active company established 46 years ago. With 20 employees and £3,676,165 in assets, it operates from a virtual address – a detail worth noting as 69 companies share the same location. The business is led by five directors and owned by a solo founder, Michael Shields. It’s a regular importer of art and antiques (4 months) and a long-standing exporter (118 months), specializing in this niche.

The company’s website highlights its focus on providing “expert global logistics solutions” for “most valuable commodities” and fine art. It emphasizes decades of experience and a global network, catering to clients with bespoke requirements. The site details services including valuable logistics and fine art logistics, with contact information and links to privacy policies and terms and conditions. The business also uses cookies to improve user experience, and the site provides a detailed breakdown of their usage.

Financially, Ibi International Logistics Ltd shows a mixed picture. While net assets increased by 37% to £2,600,000, cash reserves took a significant hit, falling 62% to £650,000. Bank borrowings remain relatively stable, but trade debtors have surged by 89%, suggesting a potential challenge in collecting payments. Creditors also decreased, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the drop in cash reserves warrants attention. The company’s financial statements are unaudited, and the auditor is MGI Midgley Snelling LLP.

Overall, Ibi International Logistics Ltd appears to be a well-established player in its specialized field, but its financial performance suggests it’s navigating some headwinds. The company’s long history and focus on high-value goods provide a strong foundation, but careful management of cash flow and debtor collections will be crucial for continued success.

Registered in England/Wales under the registration number 01412704, with a registered address at KT13 8AH, England, Weybridge, Surrey, Ibex House, Baker Street.

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