Kargo Products Ltd

Kargo Products Ltd is a small, active company based in Colchester, UK, founded seven years ago in 2017. It employs two people and holds £85,317 in assets, operating from a real address shared by five other companies. With two directors and two owners, the company is an irregular importer, primarily bringing in textile padding, felt, nonwoven fabrics, special yarns, and ropes and cables, with the last import operation occurring two months ago in February 2024. The company operates in the other business support service activities n.e.c. industries.

Kargo Products Ltd’s website showcases a range of load restraint products, including nets, straps, and accessories, marketed as “secure it like a pro.” The site emphasizes plastic-free, recyclable packaging and a visually appealing display stand, targeting both retail and wholesale customers. The website also includes a blog with tips on securing loads, legal requirements, and product uses, demonstrating a focus on customer education and safety. It's clear the company is trying to build a brand around quality and sustainability.

Financially, Kargo Products Ltd presents a mixed picture. Current assets increased by 54% to £85,000, while bank borrowings jumped 19% to £86,000. Creditors also increased significantly, by 33% to £120,000. Trade debtors, however, experienced a sharp decline, dropping 67% to just £14,000. Equity also decreased, by 3.3% to -£29,000. 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 increased debt and declining equity suggest potential financial pressures. The company is exempt from an audit, so the figures are unaudited.

Overall, Kargo Products Ltd appears to be navigating a challenging environment. While its website and product range suggest a focus on quality and customer service, the financial data indicates a need to carefully manage debt and improve cash flow.

Registered in England/Wales under the registration number 11086984, with a registered address at CO4 9TB, England, Colchester, Essex, Studio House, Heckworth Close.

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