Lovefreight Ltd

Lovefreight Ltd, based in Basildon, UK, is a small, active company established fourteen years ago in December 2010. Employing eight people, it holds £525,405 in assets and operates from a real address in Essex. With two directors and one owner—Knight Victoria Emily—at the helm, the company specializes in logistics solutions. It's a regular importer of electrical machinery and equipment, with 43 months of import activity recorded, and has recently started exporting printed materials like books and newspapers, with eight months of export activity.

Lovefreight’s website highlights its services, including ocean, air, and road freight, warehousing, and specialist book consolidation. It even offers full ETSF facilities, including customs services and Amazon FBA fulfillment. The company’s focus is on providing global logistics solutions, keeping supply chains moving, and offering multimodal freight services. The website also features positive reviews from customers praising its efficiency and friendly staff.

Financially, Lovefreight Ltd has experienced some turbulence. Cash reserves have fallen by a significant 52%, dropping to £250,000, while current assets have decreased by 38% to £530,000. Bank borrowings have also seen a reduction of 43%, down to £7,000. On a more positive note, creditors have decreased by 43%, and trade debtors have fallen by 16%. The company's small size—meeting two of three criteria for being a small company—helps it remain flexible, but the drop in equity, from £570,000 to £260,000, is a cause for concern. As a small company, it is exempt from an audit, so the numbers are unaudited.

Overall, Lovefreight Ltd appears to be navigating a challenging period. While its logistics services are well-regarded, the financial data suggests a need for careful management to ensure its long-term stability.

Registered in England/Wales under the registration number 07468551, with a registered address at SS15 6ED, Basildon, Essex, Lovefreight Ltd, Unit 2 Hemmells.

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