Mode Logistics Limited

Mode Logistics Ltd from Wickford UK: a small holding company with an active status, was founded 16 years ago in 2009. It holds £450,314 in assets, operates from a real address, and is managed by two directors and one owner, boasting a Google rating of 4.0 from nine reviews. The company regularly imports and exports clothing and accessories – not knitted or crocheted – with 57 months of import activity and 425 months of export activity recorded.

The business operates in the other transportation support activities industries. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company is a holding company.

A review of the company’s financial data reveals a mixed picture. Current assets have decreased significantly by 47%, dropping to £450,000. Bank borrowings have also declined, falling by 32% to £22,000. However, cash reserves have also decreased by 13%, now at £86,000. Trade debtors have fallen by 36%, suggesting improved collection efforts, but creditors have also decreased by 55%, which is a good sign. Net assets have dropped by 8%, to £210,000.

The company’s debt management seems to be improving, with creditors decreasing. However, the significant drop in current assets and net assets could indicate challenges in maintaining cash flow. The company’s lack of employees (zero reported) suggests a lean operation, but the decline in equity raises concerns. With no auditor mentioned, the financial statements are unaudited.

The company is clearly focused on its core import/export activities, and its Google rating suggests customer satisfaction. However, the financial data suggests the company is facing some pressures, and it will be interesting to see how it navigates these challenges in the coming year.

Registered in England/Wales under the registration number 06837799, with a registered address at SS11 8YW, Wickford, Essex, Unit 1 Capitol Industrial Estate, Fulmar Way.

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