Morgan Cargo Ltd

Morgan Cargo Ltd, based in Woking, UK, is a sizable company with a 25-year history, currently employing 59 people. Holding assets of £4,284,455 and generating £15,925,604 in revenue annually, it operates as a holding company with an active status. The company, registered on August 13, 1999, has a virtual address, a rating of 4.0 on Google based on 131 reviews, and is managed by three directors and one owner. Kuehne Nagel Uk Ltd owns the company.

Morgan Cargo specializes in freight forwarding, offering air, sea, and road transport solutions to international clients. Its website highlights expertise in perishable cargo, industrial goods, automotive parts, live animals, pharmaceuticals, and fast-moving consumer goods. The company maintains a network of offices across Europe, including locations in South Africa, Kenya, the UK, Amsterdam, and Spain. It’s a regular importer of edible fruits and nuts (12 months) and a regular exporter of edible vegetables and roots (3 months).

Financially, Morgan Cargo’s recent performance presents a mixed picture. While turnover remained stable at £16 million, cash reserves declined by a significant 46% to £2.3 million. Current assets also took a hit, dropping 45% to £4.3 million. However, creditors decreased by 64%, suggesting improved debt management. Bank borrowings have decreased significantly, which is a positive sign. The company’s net assets have fallen considerably, and the deferred tax liability has increased. The company’s audit fees have decreased, and the average number of employees has increased slightly.

Despite these challenges, Morgan Cargo’s focus on specialized freight services and its international network position it well in the competitive logistics industry. The company’s continued reliance on Kuehne + Nagel for ownership and the ongoing need to manage debt will be key factors in its future success. The company's auditor is The Barnbrook Sinclair Partnership LLP.

Registered in England/Wales under the registration number 03824884, with a registered address at GU21 7SA, Woking, Surrey, Chancery House, 30 St Johns Road.

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