Narew Transport Ltd

Narew Transport Ltd, based in Grimsby, UK, is a small, active company founded six years ago. With two employees and £2,723 in assets, it’s a solo-founder operation led by a single director and owner. The company operates in both retail sales via mail order and internet, and freight transport by road, suggesting a diverse approach to logistics.

While the company’s website is currently unavailable, the data suggests a focus on transportation and online retail. It’s a small business, meeting two of the three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Narew Transport Ltd has seen some significant shifts. Bank borrowings have decreased by 32%, which is good, but cash on hand has also fallen by 26%. Current assets have plummeted a large 59%, and trade debtors have dropped dramatically—79%—suggesting a possible slowdown in customer payments. Equity, however, has increased slightly by 3.8%. The company’s net assets and liabilities have also decreased by 14%. The lack of an auditor mentioned is not unusual for a small company.

These numbers indicate a company that's likely facing some financial pressures, although it’s hard to say if this is a temporary setback or a longer-term trend. The decrease in debtors, for example, could be due to a change in payment terms or a temporary lull in business. It’s a small business, so it's likely nimble and can adapt, but the drop in cash reserves is something to keep an eye on.

Registered in England/Wales under the registration number 11742232, with a registered address at DN34 5SU, United Kingdom, Grimsby, 168 Little Coates Road.

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