Michel Hurel Transport U.k. Limited

Michel Hurel Transport Uk Ltd, based in Abingdon, UK, is a holding company with a 39-year history and an active status. The company employs ten people and holds assets worth £6,244,779, generating an annual revenue of £14,105,770. It’s overseen by five directors, though no owners are officially listed, and boasts a perfect 5.0 Google rating based on three reviews. The company regularly imports iron or steel products (14 months) and exports electrical machinery and equipment (3 months).

The company’s website describes Michel Hurel Transport as an international haulier and freight forwarder, providing services required for customer satisfaction and cost efficiency. They offer sea, air, and road freight services, along with specialized cargo handling. The site highlights their experience and commitment to providing a 24/7 worldwide service.

Financially, Michel Hurel Transport Uk Ltd shows a mixed picture. Accrued income decreased by 58%, and accumulated amortisation impairment intangible assets rose significantly, particularly concerning goodwill. Bank borrowings remained steady, but cash bank on hand decreased by a substantial 52%. Administrative expenses fell by 27%, which could indicate cost-cutting measures. The company's average number of employees increased by 20%, suggesting potential growth or increased workload. Overall, while the company’s revenue is strong, the decline in cash reserves and the rise in debt warrant closer scrutiny. The lack of significant changes in key personnel, as indicated by the consistent director list, might suggest stability, but the financial trends need monitoring. The absence of an auditor mentioned in the report is likely due to the company’s size and exemption from mandatory auditing.

Registered in England/Wales under the registration number 01993017, with a registered address at OX14 3PX, Abingdon, Oxfordshire, 3 Vineyard Chambers.

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