J&j Trade Ltd

J&j Trade Ltd, based in Preston, UK, is a small, active company founded five years ago in 2020. Employing just one person, it holds £299 in assets and operates from a virtual address shared by twelve other companies, raising some questions. The company has a 4.0 Google rating from eight reviews, and is run by one director and two owners. It regularly imports drinks, alcohol, and vinegar – six months of import activity recorded, with the latest in March 2023.

The company's website paints a picture of a freight forwarding service operating out of Hayes, England. It offers air freight, sea freight, customs clearance, and warehousing, emphasizing quality service and on-time delivery. The site boasts 24/7 support, professional crating and packaging, and coverage of various industry sectors, from food and beverage to energy. It also includes a comprehensive FAQ section addressing common shipping terms and processes.

Financially, J&j Trade Ltd's picture is concerning. Net assets plummeted 710%, ending at -£26,000, and net current assets liabilities are at -£23,000. Cash reserves fell 6.4% to £300, while bank borrowings remained steady at £2,500. Creditors increased significantly, jumping 2,400% to £24,000. Although the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), the sharp decline in equity suggests financial strain. The accounts are unaudited, and no auditor is mentioned.

Despite its small size and apparent activity in freight forwarding, J&j Trade Ltd is clearly burning through money. The company’s reliance on a virtual address and the lack of employees could be strategies to minimize overhead, but the financial data indicates a challenging situation that needs to be addressed.

Registered in England/Wales under the registration number 12429701, with a registered address at PR1 4QE, England, Preston, 167 Fishwick Parade.

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