Manfreight Limited

Manfreight Ltd, based in Craigavon, UK, is a sizable company with a 20-year history, currently employing 448 people. It holds assets worth £19,028,185 and generates an impressive £70,053,707 in revenue annually. As a holding company with an active status, it’s a key player in the region. The company is owned by Manfreight International Iom Ltd, and directed by Slowey Christopher. Its real address, BT63 5YX, Craigavon, County Armagh, Unit 4 2a Carn Court Road, Portadown, is shared by only one other company, suggesting a genuine business location. It boasts a respectable Google rating of 4.0 based on 53 reviews.

Manfreight specializes in international transport and logistics, offering fleet, warehousing, and bespoke solutions. The website highlights its modern fleet of over 500 vehicles, serving major brands and even winning awards for its logistics services. The company actively seeks skilled drivers, emphasizing a progressive and rewarding career path. Recent news includes recognition at the Irish Transport Logistics Awards and a funding boost to harness 5G technology, demonstrating a commitment to innovation and growth. Founded in 1973, Manfreight has a long-standing reputation in the industry.

Financially, Manfreight shows some concerning trends. While turnover increased by a healthy 26%, net assets took a significant hit, falling 61% to just £12 million. Bank borrowings increased dramatically, reaching £6.8 million—a 240% rise—while cash reserves dwindled by 60% to £1.8 million. Creditors, however, decreased by 10%, suggesting better management of short-term debts. The company meets the criteria for a large business, with turnover exceeding £36 million, balance sheet total over £18 million, and over 250 employees. The lack of an auditor mentioned suggests it’s exempt from a full audit.

Despite the concerning trends in net assets and cash reserves, Manfreight’s continued growth in revenue and its focus on innovation—like embracing 5G—suggests it’s adapting to challenges. The company’s long history and established reputation could help it weather any financial storms, but close monitoring of its cash flow will be crucial for sustained success.

Registered in Northern Ireland under the registration number NI055050, with a registered address at BT63 5YX, Craigavon, County Armagh, Unit 4 2a Carn Court Road, Portadown.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.