Kinnes Shipping Limited

Kinnes Shipping Ltd from Dundee UK: a small, active company founded 59 years ago, employs five people, and holds £497,948 in assets. It’s a real address with one director and one owner, and acts as an irregular importer of furniture, lighting, and prefabricated buildings, with its last import operation occurring just one month ago.

The company operates as a freight forwarding and customs business, with offices in Dundee, Montrose, Perth, and Grangemouth, catering to clients throughout Scotland and the world. Kinnes Shipping has been delivering for its clients since the 1800s, and boasts a small, highly experienced team with an average of 30 years experience. It offers a range of services including agency freight, customs clearance, road, air, and sea freight, and even ship agency services for various vessel types. The company’s website highlights its expertise in handling bulk carrier ships and provides news and guides for freight experts.

Financially, Kinnes Shipping shows a mixed picture. Current assets have increased by 43% to £500,000, but net assets have decreased by 37% to -£68,000. Bank borrowings have decreased by 19% to £29,000, and cash reserves have decreased by 23% to £41,000. Creditors have increased by 28% to £540,000. The company meets two of three conditions to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The decrease in equity is a concern, but the company’s established presence and diverse service offerings suggest a resilient business. As a small company, it is exempt from an audit, so the financial statements are unaudited.

Registered in Scotland under the registration number SC043351, with a registered address at DD1 3NA, Dundee, Angus, Stannergate Road, North Side.

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