M. & W. Freight Limited

M & W Freight Ltd from Manchester UK: a small company with an active status, established 45 years ago, employs 31 people, and holds £8,268,420 in assets. It operates from a virtual address, managed by five directors and two owners, and enjoys a stellar 5.0 Google rating based on three reviews. The company is a regular importer of clothing and accessories, excluding knitted or crocheted items, with 8 months of import activity recorded.

The company’s website showcases a full suite of freight forwarding services, including sea, air, and road freight, alongside customs clearance, supply chain management, and e-commerce fulfilment. It positions itself as "The Total Forwarder," emphasizing expertise and a friendly, no-hassle service. The site highlights a "Buddy" system, assigning dedicated contacts to clients, and even features a mascot to represent the company's values. It's clear that M & W Freight is focused on providing comprehensive logistics solutions, catering to both small and large orders, and even offering specialized services like FBA preparation and multi-country consolidation.

However, a deeper dive into the financials reveals a mixed picture. Cash bank on hand has fallen significantly by 31%, dropping to £6.4 million, while current assets have decreased by 39% to £8.3 million. Trade debtors have also declined by 57%, to £1.9 million. While creditors have seen a substantial decrease of 57%, dropping to £3.6 million, and equity has remained steady at £4.6 million, the decrease in cash reserves is a concern. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the declining cash position suggests it might be burning through money faster than it’s bringing it in. The company’s auditor, CLA Evelyn Partners Limited, has not mentioned any issues in its report.

Registered in England/Wales under the registration number 01431969, with a registered address at M2 4DN, United Kingdom, Manchester, Northern Assurance Buildings, 9-21 Princess Street.

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