Multisped Ltd.

Multi Logistics Ltd, based in Leeds, UK, is a small, active company founded seven years ago in 2017. With just one employee and £13,771 in assets, it operates from a virtual address shared by seventeen other companies, raising some questions. The company is run by a solo founder who also acts as director and owner. It’s a freight transport business, also offering other transportation support activities and professional services.

The company’s website, infomultilogistics.co.uk, highlights its services in air, sea, land, and cross-trade freight, as well as customs clearance. It emphasizes reliability, competitive rates, and a range of transport solutions, including boxed trailers, curtain-sided vehicles, and sprinter vans. It seems like a fairly standard logistics provider, catering to businesses needing to move goods quickly and efficiently.

Financially, Multi Logistics Ltd shows some positive trends. Cash bank on hand has increased by a significant 120%, rising to £14,000, and net assets have also seen a substantial increase of 140%, reaching £13,000. However, creditors remain constant at £1,100. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the lack of substantial profit is noticeable. The accounts are described as "filleted," meaning they are exempt from a full audit, and rely on unaudited director-reported data.

While the company’s growth is encouraging, the constant creditors and lack of profit suggest it’s still working to establish a strong financial footing. It’s likely that the company is burning through cash to expand its services and customer base, but the increase in assets is a good sign.

Registered in England/Wales under the registration number 10859392, with a registered address at LS14 5NH, United Kingdom, Leeds, 134 Swarcliffe Avenue.

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