International Cargo Limited

International Cargo Limited, based in Birmingham, UK, is a small, holding company with an active status. Established sixteen years ago in 1998, the company employs just four people and holds £681,853 in assets. It operates from a virtual address, registered at Charter House, 161 Newhall Street, a location shared by eighty other companies, raising questions about its physical presence. The business is led by three directors, with one owner reported, although this figure may not be exhaustive. The company regularly imports machinery, boilers, and mechanical appliances, with a seven-month history of import activity, the last operation taking place in March 2018.

The company’s website is non-existent, making it impossible to assess its online presence or e-commerce activities. It appears to operate primarily as an import business, likely supplying parts and equipment to other companies.

Financially, International Cargo Limited presents a mixed picture. Current assets have increased by 15% to £680,000, while net assets have also risen by 14% to £510,000. However, bank borrowings have increased significantly by 14%, reaching £680,000, and cash reserves have fallen by 71% to just £360. Creditors have also increased by 17%, suggesting a reliance on trade credit. Despite these challenges, 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. The accounts are audited, and the company’s senior statutory auditor is Jeremy Kitson BA FCA from Prime.

The rise in bank borrowings and the decrease in cash reserves could indicate that the company is investing in its business or facing increased operational expenses. It's possible that the company is expanding its import activities or dealing with supply chain disruptions. The increase in creditors suggests that the company is managing its trade payables effectively, but the overall financial picture warrants close monitoring.

Registered in England/Wales under the registration number 06689373, with a registered address at B3 1SW, England, Birmingham, West Midlands, Charter House, 161 Newhall Street.

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