Kingscroft Logistics Limited

Kingscroft Logistics Ltd from Irvine, UK, is a small, active company founded 23 years ago. With 12 employees and £226,754 in assets, it operates from a real address and is overseen by three directors and one owner. The company maintains an e-commerce site and enjoys a stellar 5.0 Google rating based on 23 reviews. It’s an irregular importer, primarily dealing with plastics and plastic products, with the last import activity recorded two months ago in May 2016.

The company’s website is not available, making it difficult to determine the specifics of their operations beyond the import activity. However, the company is described as operating in the packaging activities industries.

Financially, Kingscroft Logistics Ltd presents a mixed picture. Current assets have increased by 6.7% to £230,000, while net assets have risen by 24% to £45,000. Bank borrowings have decreased by 24% to £87,000, and cash reserves have increased by 23% to £17,000. Trade debtors have seen a dramatic increase of 870%, reaching £130,000, which could indicate a period of rapid sales growth or potentially issues with customer payments. Creditors have decreased by 43%, suggesting improved debt management. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 25 employees), and the lack of an auditor mentioned is consistent with small companies being exempt from audits.

The sharp increase in trade debtors is something to keep an eye on, but overall, Kingscroft Logistics Ltd appears to be holding its own. The company's long-standing presence and positive online reviews suggest a stable business, even if it's facing some challenges with cash flow.

Registered in Scotland under the registration number SC228750, with a registered address at KA12 8JN, Irvine, 19 Kyle Road.

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